Different countries have their respective process of selling discovered oil wells to investors so they can exploit the crude oil inside it and sell. I will talk mainly about the process of buying oil field from Nigeria. Your first step is to visit the Office of Ministry of Petroleum Resources whose office is located at Abuja. Nigeria has more than 1481 discovered oil fields with billions of oil reserves, excluding the ones which are yet to be discovered. There is a large potential for the sale of an oil block.

If you do not like the idea of visiting the ministry of petroleum resources to show your interest to buy oil field, then you may use private third party companies. Third party companies can inform you of producing oil wells in Nigeria which are available for sale as soon as they become available. The procedure for buying oil wells is simple and it is the same case with the purchase of crude oil.

The first clause requires the buyer to give LOI which will usually be in the name of the seller. Once the seller reviews it and finds it workable, he will return with an offer letter. The documents of the block will also be released to the buyer for verification purpose. When the buyer must have verified the documents and he is satisfied with the verification process, the next step is to meet one on one with the seller, otherwise known as the allotee. After successful discussion has taken place between the two parties. Sales agreement will be signed by the two principals. Payment will be done and the transfer of ownership of the oil well will take place.

Uptown Oil Enterprises is a crude oil trading company which has access to listings of oil wells available for sale in USA, Canada and Nigeria. If you want to buy an oil well, please visit Uptown Oil Enterprises.

1) INTERESTED INVESTORS TO SEND US LOI TO A NAME AND ADDRESS TO BE ADVISED.

2) OFFER LETTER WILL BE OFFICIALLY GIVEN BY THE SELLER TO THE INVESTOR COMPANY AND DOCUMENTS TO THE BLOCK RELEASED TO THE INVESTOR FOR PERUSAL.

3) AFTER DUE DILIGENCE MEETING WILL BE ARRANGED BY THE FACILITATOR BETWEEN THE INVESTOR AND THE ALLOTTEE.

4) SPA SIGNED BY BOTH PARTIES.

5) PAYMENT AND TRANSFER OF OWNERSHIP OF BLOCK TAKES PLACE.

PRICES OF THE OIL BLOCKS

OPL 326   PRICE $40M
OPL 250 PRICE  $750M
OPL 109  PRICE  $90M
OPL 233  PRICE  $70M
OPL 241  PRICE  $950M

TIME IS OF ESSENCE IN THE DELIVERY OF THIS PROJECT PLEASE. INTERESTED BUYER SHOULD RAISE AN [LOI] IN FAVOUR OF
MD/ CEO OIL WORLD NIG. LTD,
ABUJA,
NIGERIA.

THROUGH WORLDGREEN RESOURCES COMPANY LIMITED, PORT HARCOURT, RIVERS STATE VIA: DANABEL (NIG) LTD

Another thing most buyers want is sellers that can work with their own procedure. This is very peculiar to bonny light crude oil and forcados buyers. Most times the first clause on their procedure is: vessel name and location. This is not always the case. BLCO buyers may also want verifiable product allocation certificate from NNPC or details of a loaded vessel so they can verify and proceed to sign a contract. As for mazut 100, jp54, bitumen and d2 buyers, they need sellers that can show POP in form SGS or refinery commitment to produce the crude.

If you are a seller and you are not able to meet the buyer’s preferred criteria above, you do not have to worry. This is so because different buyers have their respective criteria. Some of the online sites where you can find buyers of mazut m100, jp54, bitumen, d2, blco and forcados to sell your product are tradekeys, eczplaza, spaintraders, fuzing and alibaba. This is a few of b2b sites where buyers can be found. You should note that you can hardly find end buyers at these sites. The types of buyers you can find are intermediary buyers. If you want to work with end buyers, then you need to write to refineries who are the end buyers of raw crude. As for refined crude oil, you should write to major oil dealers who buy and store at fuel depot from where it is supplied to filling stations to be sold to consumers. Selling raw and refined crude oil to major oil dealers requires the use of professional experience. You need to show something that certifies you as a serious and genuine businessman.

Uptown Oil Enterprises is a crude oil trading company which has able, willing and ready buyers of crude oil. If you are looking for an able, willing and ready crude oil buyer, try Uptown Oil Enterprises.

A lot of oil investments does not pose a great risk like the numerous other investment options. Every investment has their respective risk and reward. Your task as an investor should be to get something in return for the risk you take. An oil investment scheme which centers on big oil indexes, publicly-traded oil and gas firms or even oil could be a tolerable risk for numerous investors.

Nevertheless, if you consider putting a larger risk for the chance of getting bigger gains, then you can find numerous oil investments openings which you may decide to exploit.

Below is a collection of numerous oil investment opportunities

1. Major oil company stocks; these are mainly oil firms stocks with their own huge oil reserves which are publicly traded all over the globe. It is among the most dependable oil investments available today.

2. Medium sized oil companies; they are simply stocks of oil firms which are traded publicly. They are mainly listed on the N. Y. stock exchange. It can also be seen on NASDAQ and the rest of other exchanges which adopts assets and passing through a development stage.

3. Open-end funds: these are funds centered on the energy industry which may still have stocks in the majors or stocks in firms which offer a range of services for the oil industry.

4. Independent oil companies: you can find more than 3,000 oil companies which are independent in the US. A lot of them give you the chance to invest your funds in their development projects together in addition to exploration via private positioning. About 90% of oil wells made annually in the US are drilled by oil companies which are independent.

Modo Oil Agency is a crude oil company which offer facilitation service to both sellers and buyers of crude oil. We have on our database genuine sellers and buyers of crude oil. We make buying and selling of crude oil an easy process.

Check it out at at http://crude-oil-sellers.com/buy-crude-oil/

NNPC runs the joint venture which it has with the Nigeria national government and a few of the overseas transnational firms. The transnational firms are referred to as Agip, Shell, Texaco, Chevron, and Exxonmobil. Through the partnership NNPC it has with these firms, the national government of Nigeria carries the advancement of the rich petroleum resources available in Nigeria.

Persons who want to buy crude oil from Nigeria can do so through the NNPC. It is the end seller of crude oil in Nigeria. There are also people referred to as fiduciary agents, operators and allottee. These set of persons find crude oil buyers for NNPC. The grades of crude oil you can buy from NNPC are bonny light crude oil, forcados, qua iboe, etc. Most of these grades of crude oil has their terminals. Each of these crude oil has their respective specifications and as such they have to be transferred via pipeline from their origin to their specific terminals. It is from these terminals that they are sold out.

If you are conversant with the terms of NNPC, you will agree with me that it does not sell its oil through any agent. This is very important so you will avoid fraud from persons who pose to be sellers of crude oil in Nigeria. The best way based on my experience to purchase crude oil from NNPC is to do so through its allotee. Oil allocation is given to NNPC allotees. You can ask them to provide with it as a proof that they have an allocation with the main seller before you proceed forward to deal with them.

Uptown Oil Enterprises is a fast growing raw and refined crude oil trading company which has partnered with sellers of crude oil to find buyers. If you want to buy crude oil through reliable sellers, Uptown Oil Enterprises is a trusted company you should try. Check us at Uptown Oil Enterprises