Nigeria targets local upstream players with marginal field round
Reinvigorating production on acreage abandoned by the majors could be a tough task
Nigeria's drive to open up its marginal acreage to indigenous players is set to intensify, as the Department of Petroleum Resources (DPR) prepares to launch a fresh licensing round in 2018 incorporating up to 46 fields, largely in and around the Niger Delta. However, which fields will be on offer and the timing remain uncertain. This would be the first formal marginal field round for more than a decade. One proposed in 2013 came to nothing and the oil-price crash of 2014 ruled out a revival in the intervening years. Several lists of onshore and offshore fields that could be included are circulating in Nigeria in the absence of an official announcement, but it looks likely that some promising
Also in this section
4 March 2025
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
4 March 2025
EU net-zero polices have shifted refining investment among member states, while across the region countries and companies continue to adjust to changes in trade flows caused by the war in Ukraine
4 March 2025
Gas auctions underperform, signalling a slow start to 2025 after bumper 2024
3 March 2025
The Middle East is focusing on modernisation and expansion projects, while Africa is seeking to reduce its imports of refined products
