Nigeria: Slates to wield a Mini-Bid Round for Seven offshore in 2023 by way to Energize Modern Adventure

By Abdul Rahman Bangura–

NEW AFRICA DAILY NEWS (NADN) Freetown, Sierra Leone- On Wednesday, December 21st, 2022 the petroleum regulator announced after Africa’s top oil exporter approved new fiscal administrations for its oil and gas sector. Marginal careers are smaller oil blocks discovered onshore and in surface waters and are commonly expanded by local firms.

Nigeria schedules to carry a mini-bid round for seven offshore blocks in 2023 to prompt recent exploration, the petroleum regulator said, after the first round after Africa’s top oil exporter ratified new fiscal administrations for its oil and gas sector.

The last mini-bid round was carried on April 2007 under the former regulatory administration giving forty-five blocks, Gbenga Komolafe – Head of the Nigerian Upstream Petroleum Regulatory Commission asserted.

Komolafe told 2D and 3D seismic data will be made accessible to forthcoming bidders amongst other data on the offshore blocks enclosing roughly 6,700 square km (2,590 square miles). He expanded that enthusiastic corporations will be asked to fulfill their pre-qualification applications by January 31st, 2023 pursuing a pre-bid meeting on January 16th, 2023.

Nigeria published prospecting approvals in June to firms that fulfilled rights to expand the frontier oilfields, some two years after the government pursued recommendations for the oil blocks. Marginal fields are minor oil blocks found onshore and in simple waters and are generally expanded by local firms.

For New Africa Daily News Abdul Rahman Bangura Reports,  Africa Correspondent