DPR says Nigeria to earn $500 million from signature bonuses for 57 marginal oilfields
Nigeria is expected to earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in ...
Nigeria is expected to earn about $500 million from the signature bonuses to be awarded for 57 marginal oilfields in ...
The DPR has stated that it will commence the remote monitoring, registration, and accreditation of all petroleum products depots.
DPR has announced the introduction of new guidelines to accommodate more LPG investors and operators across the country.
DPR has shutdown 85 LPG plants in Lagos from January to October of 2020, for engaging in illegal operations.
DPR boss revealed that tank farm operators will be forced to comply with the safety regulations of the agency.
FG is finding ways by which gas will become the preferred fuel for cars instead of petrol.
The Director said Nigeria’s last bid round for the marginal fields was in 2003.
Over 300 companies have applied to be prequalified for the Nigerian Marginal Field Bid Round.
The marginal oilfields comprised of 57 fields located on land, swamp and shallow offshore terrains.
While we see the need for these asset sales to generate much-needed revenue for the Federal Government, we are concerned ...