PHOTO STORY: Firms begin commercial bidding for Nigeria’s deep offshore, shallow water oil assets
Nearly 150 companies on Tuesday began the commercial bidding process for Nigeria’s oil and gas assets at the Commercial Bid Conference organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja.
During her opening remarks, the NUPRC Chief Executive, Oritsemeyiwa Eyesan, disclosed that 196 companies qualified for the commercial bidding stage, while 13 of the 50 blocks failed to attract bids and would be returned to the government’s licensing basket.
Company representatives on the bidding stage On Monday, the NUPRC announced that only prequalified companies would be allowed to participate in the commercial bid conference held at the Transcorp Hilton Hotel, Abuja.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
