Two weeks later: AllNews mentioned greater than 300 firms: provide for Nigeria’s marginal oil fields, the Director of the Division of Petroleum Sources (DPR), Auwalu Sarki, mentioned the quantity has elevated to 600 firms as they wrestle to use to be prequalified for ongoing bidding rounds within the 57 Marginal Fields of Nigeria. .
In response to Sarki, a lot curiosity has been acquired for the clear DPR course of.
He disclosed that after the extension of the time period till June 21, the variety of bidders has grown. Sarki mentioned the overwhelming provide is value celebrating. Be aware effectively that marginal oil fields are those who haven’t been developed for greater than 10 years, however found by the main worldwide oil firms (IOCs) – working within the nation – throughout an exploration of bigger areas.
Why Excessive Curiosity?
The rise in bidders might have been motivated by the truth that the final time Nigeria requested bid for marginal oil fields was in 2003. That’s the reason buyers are prepared to place the hand on one of many 57 Marginal Fields, “First let’s say we’ve actually seen a rise in bidders after the extension of the deadline till June 21. There was virtually a 30 p.c improve in participation.
“Should you make a proposal or public sale at an oil discipline, you need to get 10 individuals per discipline actually going after the sphere. Now we have 57 fields and we’ve got greater than 600 firms. So we will say we have fun the success up to now.” extension, we go in keeping with schedule and now we’re within the part the place we do the pre-qualification for the provide to use. All the pieces goes completely. ”
The overwhelming curiosity reveals that there are lots of buyers fascinated about investing in Nigeria regardless of the enterprise atmosphere and the declining demand for oil out there.
What’s the Program for the Bidding Course of?
In response to the calendar, the next can be from June 21 to August 16; Analysis of the presentation and preparation of the report, from June 22 to July 5, Announcement of Pre-Certified Candidates and Situation of Subject Teasers from July 5, Information Safety, Location, Acquisition of Experiences from July 6 to August 16, Cost of the Software and Elaboration of the provide Tariff and Presentation of Technical and Industrial Supply from July 6 to August 16.