DPR targets $500m from marginal oilfield sale

marginal oilfield sale

DPR targets $500m from marginal oilfield sale   The Department of Petroleum Resources (DPR) says it plans to generate about $500 million from the sale of the ongoing marginal field bid round. Aside this, for the first time in the nation’s history, the successful bidders would be allowed to pay the acquisition cost of the oilfields in naira. With this disclosure, funding of Nigeria’s 2021 budget of N13.6 trillion may have gotten a soft landing as part of the $500 million revenue from oilfield sale would provide a soft landing…

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