ADM Energy Submits Formal Bid in Nigeria’s 2020 Marginal Field Round
Further to the announcement of August 3, ADM Energy PLC announced that it has formally submitted a bid with the Nigerian Department of Petroleum Resources (DPR) for a marginal field in the 2020 Marginal Field Bid Round.
A total of 57 marginal fields are available to participating companies covering onshore, swamp and shallow offshore fields. ADM is participating in the Bid Round as a strategic partner of OilBank International Limited (OilBank), a Nigerian integrated oil and gas service management company.
The submission follows ADM and OilBank pre-qualifying for the Bid Round and concludes the second stage of the process. The Company expects the Bid Round to be concluded by the end of Q4 2020 and will update the market in due course.
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