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Marginal Fields Awards, Almost Two Decades After

Economy
Seventeen years after the last bid round, Department of Petroleum Resources, the oil and gas industry regulator, was so determined to get it right, it followed through with all the processes, transparently, fairly and equitably. Applauding the process, the former President of the Petroleum Technology Association of Nigeria, Sir. Bank-Anthony Okoroafor, on behalf of a grateful local content community, said, “This is the most transparent Marginal Field bid round ever conducted.” But there is much to a successfully concluded bid round. The real work begins after the award party is over, as there are issues that face awardees after the ceremony. Chris Paul examines ....

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FG hopeful of N3tr from marginal oil fields development

About $7 billion (N3 trillion) revenue may be added to Nigeria’s economy from the development of the nation’s marginal fields going by the rebound in global oil prices. ....

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Shafa, A.A. Rano, Matrix, others get marginal oil field license

A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by ....

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Shafa, A.A. Rano, Matrix, others get marginal oil field licence

Shafa, A.A. Rano, Matrix, others get marginal oil field licence
On
…DPR targets early first oil from 100mb reservoirs
By Obas Esiedesa, Abuja
Indigenous oil firms, A.A. Rano, Shafa Exploration, Matrix Energy, and Vhelblerg Exploration were among oil companies awarded marginal oil field licence by the Department of Petroleum Resources, DPR, on Monday.
The award came a year after 2020 marginal field bid round began with 591 companies applying to win 57 oil fields on offer. The oil fields are located onshore, swamps and offshore.
DPR estimates that Nigeria would produce additional 100 million barrels of crude oil from the 57 fields, in the coming years. ....

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Breaking News | Shafa, A.A. Rano, Matrix, Others Get Marginal Oil Field Licence

The Streetjournal Magazine is an online investigating media house that specializes on systematic, serious crimes, political corruption or corporate wrongdoing. ....

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