Stella Dimoko Korkus com: Nigeria s Department Of Petroleum Resources Awards 57 Oil Fields To Successful Bidders stelladimokokorkus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stelladimokokorkus.com Daily Mail and Mail on Sunday newspapers.
Press focuses on reason given for rising violence in South East, others Nigeria-Press-Review May 27, 2021 to 10:05 93 APA – Lagos (Nigeria) The explanation by the President General of Ohanaeze Ndigbo, Prof. George Obiozor, for the rising violence in the South East is due to the attention the Igbo quest for the 2023 presidency has generated is one of the leading stories in Nigerian newspapers on Thursday.
The Guardian reports that President General of Ohanaeze Ndigbo, Prof. George Obiozor, yesterday, told the British Deputy High Commissioner, Peter Thomas, that rising violence in the South East was due to the attention Igbo quest for the 2023 presidency has generated.
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The Federal Government has said it is expecting most of the marginal fields, which investors bid for in the recently concluded bid round, will achieve first oil starting from next year.
The Director/Chief Executive Officer, Department of Petroleum Resources, Mr Sarki Auwalu, said this on Wednesday during a strategic engagement session in Lagos with the Nigeria Extractive Industries Transparency Initiative, led by its Executive Secretary, Mr Orji Ogbonnaya-Orji.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, had said in March that it had received signature bonuses from 50 per cent of the winners of marginal oilfields following the conclusion of the bid process.
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The Federal Government is expecting to generate at least $500m in revenue (N189.5bn) from the ongoing marginal field bid round, the Department of Petroleum Resources has said.
The DPR also said the successful bidders would be allowed for the first time in the nation to pay the acquisition cost of the oilfields in naira.
The Director/Chief Executive Officer, DPR, Mr Sarki Auwalu, who disclosed this on Friday, said the bid round would be concluded before the end of the first quarter of this year.
The Federal Government, through the DPR, had announced on June 1, 2020 the start of the 2020 Marginal Field Bid Round, with 57 fields available for indigenous companies and investors interested in participating in the exploration and production business in Nigeria.