Hints of a bid round by mid-July

Petroleum Industry Bill delay: Nigeria’s President Goodluck Jonathan

BLOOMBERG

By Barry Morgan Paris

 14 June 2012 22:59 GMT

STRONG indications are emerging that Nigeria will launch a long-tabled bidding round for more of the country’s marginal oil and gas fields by mid-July.

Such a round could possibly conclude “within the next quarter or so”, said to Nigerian National Petroleum Corporation (NNPC) group executive director, gas & power, David Ige, addressing questions after one of the sessions of the Oil Council’s Oil & Gas ­Assembly held in Paris this week.

Other players close to Nigerian policy makers agreed that a marginal field licensing round is now likely to occur before passage of the long-awaited Petroleum ­Industry Bill (PIB) which had been proposed to precede any fresh ­licensing so that the new rule might apply to…

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