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

Published

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

Floatel Triumph Lined Up for Brazil MSU Work

Floatel Triumph Lined Up for B

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

PTTEP, Petronas Ink 35-Year Ma

PMS Completes Subsea Pipeline Installation at Egypt’s Kamose Gas Field

PMS Completes Subsea Pipeline

GHL Seeks to Settle Dolphin Drilling Dispute with Cash, Nigeria Rig Work

GHL Seeks to Settle Dolphin Dr

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine