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Nigeria: Govt Awards 57 Marginal Oilfields to 161 Bidders
The 161 successful bidders emerged from a pool of over 600 indigenous oil companies that jostled for the 57 marginal fields in the process that commenced in June 2020.
The Minister of State for Petroleum Resources, Chief Timipre Sylva, told journalists yesterday in Lagos on the sidelines of the 2021 first quarter ministerial meeting of the chief executives of agencies under the Ministry of Petroleum Resources that letters informing the winners of the outcome had gone out.
He added that the winners have started paying their signature bonuses.
He stated that the federal government has received almost 50 per cent of the signature bonuses.
He stated that the federal government has received almost 50 per cent of the signature bonuses.
“The process has been concluded. Letters have gone out and people have started paying their signature bonuses. We have received almost 50 per cent of signature bonuses already.
“One hundred and sixty-one companies were allocated marginal fields and I will not give you the details of how many have paid. I’ve told you that up to 50 per cent of those winners have paid,” Sylva said.
He described the bidding process as the best in terms of transparency and that assessment of bidders was done by competent consultants.
He described the bidding process as the best in terms of transparency and that assessment of bidders was done by competent consultants.
“I think this is the best we could have gotten clearly. If you followed the processes, we published, people applied, companies were pre-qualified, and companies went to the data room and of course, assessment of their bids was done by competent people.
ThisDay Ng
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