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.

SIGN UP FOR OUR NEW ENERGY TRANSITION NEWSLETTER

Energy explored: Gain valuable insight into the global oil and gas industry's energy transition from Accelerate, the new weekly newsletter from Upstream and Recharge. Sign up here.

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.