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Tension as Seplat oil rig collapses, workers die, others missing
Tension as Seplat oil rig collapses, workers die, others missing
Sahara Weekly Reports That Seplat Energy has reportedly lost six workers, including a foreigner, in an accident involving the Majestic rig at Ogboren close to Ovhor Oilfield in Sapele Local Government Area of Delta State.
Reports say the Majestic rig was newly acquired and operated by SEPLAT/NNPCL Joint Venture.
It was gathered that about 96 crew members onboard the rig reportedly went down during the accident, while six bodies, including the Briton, were said to have been recovered.
The company’s management says is working round the clock to locate and recover other missing crew members.
A source close to the oil coy management said: “as soon as we got the news of the incident, the company activated search and rescue mechanisms, and the efforts yielded great results.
“As we speak, most of the rescued workers are safe and getting medical attention, but sadly, we lost six staff, a Briton included with about six other workers still missing as of 8:00p.m today, Tuesday,” he stated.
However, the management of Seplat Energy Plc, in a press statement signed by Seplat Chief Executive Officer, Mr. Roger Brown, has declared that out of the 96 crew members onboard the faulty rig, 92 of them are safe, adding that only one member died and three others still missing.
The Seplat’s statement read thus: “Seplat Energy regrets to announce a serious incident on the Depthwise swamp drilling rig “Majestic” in early this morning. Seplat, the operator of the SEPLAT/NNPCL joint venture, contracted the rig. It was in transit to its planned drilling location at Ovhor in Delta State when it capsized.
“92 of the 96-member crew are accounted for and safe. However, tragically one fatality occurred during the incident, while three other rig personnel are still missing.
“Our thoughts and prayers are with the families and friends of the crew member who sadly lost his life and the three crew members who are still missing at the time of this report. Our emergency response and rescue efforts working alongside the rig owner and the authorities, have been activated and are onsite.
“Our utmost priority will continue to be the safety and well-being of all the affected personnel and their families.
“We will provide further details as our understanding of the incident develops. A detailed investigation into the cause of the accident will follow.”
Recall that Seplat Energy has a 45 per cent working interest in OMLs 4, 38 and 41 located in Edo (OML 4) and Delta (OMLs 38 and 41) states onshore of Nigeria.
Seplat Energy is an operator of the three blocks, which together form one contract area, on behalf of the NPDC/Seplat Joint Venture. (Extracted from a Nigerian Tribune report)
HOW YOUR PROPERTY PORTFOLIO SHOULD LOOK LIKE IN 2024 BY DENNIS ISONG
Sahara Weekly Reports That Today, we’re delving into the realm of real estate, specifically focusing on how your property portfolio should shape up in 2024.
Whether you’re a seasoned investor with a track record spanning five, ten, or just a couple of years, or if you’ve taken your initial steps into investing this year, this discussion is tailored to guide you through the nuances of crafting a property portfolio that aligns with the opportunities and challenges that the year 2024 holds.
It’s a practical example designed to offer insights regardless of your level of experience in the real estate journey. So, let’s embark on this insightful exploration together.
1. CASH FLOW REAL ESTATE
Real estate is like having money-making machines. You buy properties and they make you money regularly. There are three main ways they do this:
Rental Income:You can own a house or apartment and let someone else live there. They pay you rent every month, and that’s your income.
Short-Term Rentals:If you own a place in a cool location, you can rent it out for a short period, like a vacation home. People pay good money for short stays.
Equity-Based Returns:This is like having a share in a property. Even if you don’t own the whole thing, you still get a piece of the profit.
It’s like having different money streams – some from homes, some from businesses, and even some from farms.
2. LAND BANKING:
Imagine buying land like planting seeds for the future. Here’s how:
High-Yield: Some lands grow in value super fast. You buy low, and before you know it, it’s worth a lot more. Quick and exciting!
Joint Venture (JV): Team up with others to make something big. You have the land, they have the skills to build. Everyone wins.
Short-Flip:Buy land, hold it for a bit, and then sell it quickly for a profit. It’s like the fast lane of land investing.
It’s like being a smart farmer – planting seeds in different fields, each with its own strategy.
3.STRATEGIC POSITIONING
Think of real estate like playing a game of chess. You want to position your pieces (properties) in the right places:
High-End Zone: It’s like the VIP area. People pay big money to live or do business there. Eg Ikoyi
Student Zones: Where there are students, there’s always a need for housing. Universities and colleges are like gold mines for real estate.
Business Areas: If there are offices and companies, there’s a need for commercial spaces. Invest where the businesses are.
Upcoming Regions:Like predicting the next big thing. If you can spot an area on the rise, investing there can bring huge returns eg epe ,ibeju lekki
It’s like placing your chess pieces wisely on the board to win the game.
Let’s talk about addition tips that will help you;
PORTFOLIO MANAGEMENT:
Managing your real estate portfolio is like taking care of a garden:
Check Your Plants (Current Investments): See how your properties are doing. Are they growing well or need attention?
Balance Your Garden (Real Estate Types): Like having a mix of flowers, veggies, and fruits. Balance different types of real estate for the best results.
Get Professional Gardeners (Portfolio Managers): Sometimes, you need experts to help your garden flourish. Similarly, professionals can manage your portfolio for better outcomes.
It’s like having a beautiful garden that keeps growing and blooming.
LONG-TERM PLANNING:
Planning your real estate journey is like mapping out a trip:
Careful Analysis: Study the map and plan your route. Similarly, analyze your options and plan your investments.
Consider Different Stops (Cash Flow, Land, Positioning): Like planning where to rest and refuel, think about your cash flow, land investments, and where you position your properties.
Create a Roadmap:Plan for the long term, just like planning a road trip. Know where you want to go and how to get there.
It’s like having a well-thought-out plan, ensuring a smooth and successful journey in real estate.
So, as we wrap up our chat about building your property portfolio for 2024, remember, it’s like creating a map for your real estate journey. Whether you’ve been in the game for a while or you’re just starting out, the key is to mix things up – a bit of renting here, a piece of land there, and maybe even a joint venture.
Don’t forget to position your properties wisely, like chess pieces on a board.
Taking a closer look at your existing investments and balancing them out can lead to a portfolio that’s not just strong but also ready for whatever the real estate world throws your way.
Planning for the long term is like setting out on a road trip with a well-thought-out map – it may take time, but it’s worth it.
So, let’s get out there and turn those property dreams into reality. Unlock the door to your success in real estate – the keys are in your hands.
Happy investing!
Dennis Isong is a TOP REALTOR IN LAGOS.He Helps Nigerians in Diaspora to Own Property In Lagos Nigeria STRESS-FREE. For Questions WhatsApp/Call 2348164741041
France Based Nollywood Actress, Hannah Ojo Drops The Wedding Jitters On Birthday
Sahara Weekly Reports That France based Nollywood actress, Hannah Ojo is no doubt having a double celebration for her birthday anniversary this year.
The beautiful actress who’s celebrating her birthday tomorrow, October 19th is dropping a new project, a short movie she titled, The Wedding Jitters.
The Wedding Jitters, according to the producer, Hannah Ojo is a story of a bride-to-be-Laura whose gym-instructor-fiancé-Tony gets lost in a sexual fantasy to a half caste video vixen.
The story comes to roost when Laura catches her fiancé pants down with the video vixen.
The short movie, The Wedding Jitters stars notable Nollywood faces such as Joseph Momodu, Hannah Ojo, Age Anthony, MaryGold Adams and Zuhara Babatola; the short movie is billed for movie festivals.
Directed by one of Nollywood’s best hands, Febano Films and produced by actress Hannah Ojo, The Wedding Jitters hits the movie shelfs soon.
PRESIDENT TINUBU APPOINTS NEW PRESIDENTIAL MEDIA ADVISORY TEAM MEMBERS
Sahara Weekly Reports That President Bola Tinubu has approved the appointment of the following men and women to serve in the Office of the President under the Media & Publicity Directorate with full respect for the tenets of Nigeria’s federal character principle and the supremacy of merit:
(1) Mr. Fela Durotoye (Senior Special Assistant to the President — National Values & Social Justice)
(2) Mr. Fredrick Nwabufo (Senior Special Assistant to the President — Public Engagement)
(3) Mrs. Linda Nwabuwa Akhigbe (Senior Special Assistant to the President — Strategic Communications)
(4) Mr. Aliyu Audu (Special Assistant to the President — Public Affairs)
(5) Mr. Francis Adah Abah (Personal Assistant to the President — Special Duties)
President Tinubu has further approved the secondment of Mrs. Linda Nwabuwa Akhigbe to serve as the Communications Adviser to the President of the ECOWAS Commission.
The President tasks all new appointees who are serving in the Media & Publicity directorate to uphold the highest standards of decorum and decency in their engagements with all members of the public as they advance the President’s determined bid to renew the hope of Nigerians in a restructured economy and unified society that caters sufficiently to the needs of all, regardless of any differences.
Chief Ajuri Ngelale
Special Adviser to the President
(Media & Publicity)
October 9, 2023
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