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

Equinor, Polenergia Receive Final Environmental Decision for Baltic Sea OW Farm

Equinor, Polenergia Receive Fi

JBO Secures Foundation Design Contracts for German Offshore Wind Farms

JBO Secures Foundation Design

Galp Reports 29% Profit Fall

Galp Reports 29% Profit Fall

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

MODEC, Sumitomo Partner Up for

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine