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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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