Nigeria’s Department of Petroleum Resources (DPR) says 161 successful companies have been shortlisted to advance to the next and final stage of the bid round process for 57 marginal oilfields in the country.

Mr Paul Osu, Head, Public Affairs, DPR, disclosed on Thursday in Lagos that the firms were selected from the over 600 companies which applied for pre-qualification. Marginal field is any field that has reserves booked and reported annually to the DPR and has remained unproduced for a period of over 10 years.

‘The 2020 marginal oilfield bid round process is still ongoing in line with our published timelines on DPR website and bid portal. ‘The current status is that 161 successful companies have been shortlisted to advance to the next and final stage of the process,’ Osu said.

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Source: Energypedia