Nigeria: No 'Substantive' Oilfield Bid Round Until Prices Recover

Libby George, Alexis Akwagyiram
Wednesday, May 6, 2020

Nigeria will not hold "substantive" oilfield bid rounds until prices recover, the head of the state oil company said on Tuesday in a web conference.

Mele Kyari, group managing director of the Nigerian National Petroleum Corporation, also said the petroleum industry bill to overhaul the country's sector was expected to be passed in the next three to four months. 

(Reporting by Libby George; Writing by Alexis Akwagyiram; editing by David Evans)

Categories: Energy Industry News Activity Africa Exploration

Related Stories

Former Shell Executive to Lead Nigeria’s State-Run Oil Firm

NYK Group’s N-O-G Buys its First SOV From Edda Wind

BP Mulls Shedding two US Offshore Stakes

Current News

Stillstrom and Panama Canal to Explore Offshore Charging Technology

UK Firm Nets Fire Safety Contract at Polish Offshore Wind Farms

Tyra II Gas Development Set to Go Full Steam from Next Week

TGS Gets Shallow-Water OBN Job off Trinidad

Subscribe for OE Digital E‑News