Nigeria will shortly conclude a marginal fields bidding round designed to re-allocate dormant oil and gas fields from the majors to indigenous independents, a move that will free up acreage winners to consolidate partnerships with foreign players.
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After approval by Minister of State for Petroleum Resources Timipre Sylva and President Muhammadu Buhari — the latter who retains the full portfolio — the Department of Petroleum Resources (DPR) will announce the winners who must pay signature bonuses before awards are finalised.
