Petroleum Africa
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Tuesday, June 2, 2020
Nigeria’s Department of Petroleum Resources (DPR) has announced the commencement of the 2020 Marginal Field Bid Round. The bid round is open to indigenous companies and investors interested in Exploration & Production business in Nigeria.
A total of 57 fields located on land, swamp and shallow offshore terrains are on offer. The exercise, which will be conducted electronically, will include Expression of Interest/ Registration, Pre-qualification, Technical and Commercial bid submission and bid evaluation.
The exercise which will be conducted electronically, will include expression of interest/registration, pre-qualification, technical and commercial bid submission and bid evaluation.
According to the DPR guidelines on the 2020 oil bid round, payment by interested bidders shall include non-refundable chargeable fees as follows: Application fee of N2 million per field, Bid Processing Fee of N3million per field, Data prying fee of $15,000 per field, Data Leasing fee of $25,000 per field, Competent Persons Report of $50,000 and $25,000 for Fields Specific Report. In total, the fees amount to $115,000 in statutory fees and another N5 million in local currency.
Interested parties are invited to visit the DPR dedicated portal – marginal.dpr.gov.ng – to access the Guidelines for the Award and Operations of Marginal Fields in Nigeria 2020, and the requirements for participation.
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