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
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
