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Page 45 - Ogbonnaya Orji News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Oil, gas centre addresses crude production data concerns – NEITI | N

By Solomon Asowata Lagos, May 26,2021 The Nigeria Extractive Industry Transparency Initiative (NEITI) says the creation of the National Oil and Gas Excellence Centre (NOGEC) has substantially addressed concerns over the country’s crude production data. Dr Ogbonnaya Orji, Executive Secretary, NEITI, made the

Breaking News | First Crude Production From Marginal Fields Expected In 2022 – DPR

Mr Sarki Auwalu, Director, DPR The Department of Petroleum Resources (DPR) says it is expecting the first production of crude from some of the recently awarded 57 marginal oilfields in January 2022. Mr Sarki Auwalu, Director, DPR, said this during a strategic engagement session with the Nigeria Extractive Industry Transparency Initiative (NEITI) on Wednesday in Lagos. The News Agency of Nigeria (NAN) reports that a marginal fields are smaller oil blocks typically developed by indigenous companies. Auwalu said the 2020 marginal oilfield bid round was almost at completion stage with successful companies paying their signature bonuses. He said the award of the marginal oilfield would increase Nigeria’s oil and gas production capacity and reserves to boost the country’s resources for national development.

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