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

Offshore installation in Africa, Image by Jan/AdobeStock
Offshore installation in Africa, Image by Jan/AdobeStock

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)

Current News

CSL-OWL Joint Venture Orders Two Rock Installation Vessels for Offshore Wind

CSL-OWL Joint Venture Orders T

Solstad Offshore Nets $60M in New Vessel Contracts

Solstad Offshore Nets $60M in

ExxonMobil, Hess, CNOOC Withdraw from Guyana’s Oil Block Negotiations

ExxonMobil, Hess, CNOOC Withdr

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

Velesto Completes Removal of W

Subscribe for OE Digital E‑News

Offshore Engineer Magazine