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Tender-Nigeria-Offshore.jpg

Description

NIGERIA

Nigeria’s petroleum regulator has provisionally awarded tenders to develop 57 of its marginal oilfields, four sources familiar with the matter told Reuters, which could net the government $500 million in signature bonuses.

Marginal fields are smaller oil blocks typically developed by indigenous companies. Nigeria is looking to production from the fields to bolster state finances and increase local participation in the oil sector, which provides the bulk of the country’s foreign exchange.

Location: Offshore
End User: Tender Offshore Blocks
Scope: Commercial & Engineering