Africa Commodities DFI Nigeria Oil Tender

Nigeria launches marginal field round

Nigeria has officially launched a marginal field bid round, with the Department of Petroleum Resources (DPR) saying 57 fields are available.

The round is open to indigenous companies and investors, the DPR said. The fields on offer are on land, swamp and the shallow offshore.

“Bidders will certainly be led by indigenous companies, but these are likely to work in partnership with international oil companies wanting to participate in Nigeria. Local companies have been hit by the effects of covid and Nigerian-blend oil prices have been particularly squeezed,” Bracewell partner Adam Blythe told Energy Voice.

Source: EnergyVoice via CrudeMix

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