Stella Dimoko Nigeria's Department Of Petroleum Resources Awards 57 Oil Fields To Successful Bidders


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Tuesday, June 01, 2021

Nigeria's Department Of Petroleum Resources Awards 57 Oil Fields To Successful Bidders

The Department of Petroleum Resources (DPR) on Monday in Abuja officially awarded 57 oil fields to successful investors in the 2020 Marginal Field Bid Round programme, exactly one year after the journey began on June 1, 2020, with the launch of a processing portal.

57 oil fields located on land, swamp and off-shore terrains were put on offer.

Speaking at the award ceremony, the director/chief executive officer, DPR, Sarki Auwalu, said 161 companies were eventually shortlisted as potential awardees out of which 50 per cent that met all the conditions are eligible for the award.

Auwalu said DPR would not rest on its oars as the post-award phase begins, but would continue to support and guide the marginal field operators to achieve speedy development.

He said, “With the lessons learnt from previous exercise, DPR has developed a strategy to ensure that the awarded marginal field operators achieve early development. We will continue to follow-up and guide the awardees every step of the way.

“A guiding template of working agreement has been drafted for joint awardees and discussions have reached advanced stage on the farm-out agreement and the other technical enablers in a bid to facilitate the attainment of first oil in record time.”

He implored all the awardees to take advantage of the National Oil and Gas Excellence Centre (NOGEC) for the industry, recently commissioned by President Muhammadu Buhari.

from leadershipng


  1. Let's guess
    The list covers many with similar religion, tribal and regional similarities to bubu

  2. 98% of na Hausa Muslim, who wan bet?

  3. Hmmmm 'Successful bidders'. Went to Agbara in Delta State, they showed me Oil Wells that belongs to our greedy politicians. They allot it to themselves, forget 'bidders'.

  4. Some of our private indigenous bidders got it.

  5. 57 new multi billionaires

  6. You mean they successfully shared it amongst themselves and their friends?

  7. To themselves they mean!!

  8. The rest of the world are moving with technology and alternative forms of energy and Nigeria is still sharing Oil wells.

    The new owners will drink the oils by themselves.

    And yes...99.9 Hausa Muslims bought them with monies looted from the govt.


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