Gbaramatu Kingdom, Warri South-West Local Government Area of Delta State has urged the Federal Government to give the Ijaw the right of first refusal in marginal oil fields located in the area. Spokesman of Gbaramatu Traditional Council of Chiefs, Godspower Gbenekama, made the call on Sunday at a news conference held at Oporoza, the administrative […]
…Says awardees of oilfields will be credible investors with technical, financial capability The Department of Petroleum Resources (DPR) says there will not be a repeat of past mistakes made in previous exercises in the ongoing bid rounds for 57 marginal oil fields in the country. Mr. Auwalu Sarki, Director, DPR, gave the assurance on Monday […]
Stakeholders in the oil and gas sector have said that previous bid rounds in Nigeria’s marginal oil fields revealed a sharp decline in interest from serious investors, both local and foreign. The Stakeholders therefore recommended that terms governing licensing round must be open and transparent, saying this will boost investors confidence. This was part of […]