FG extends deadline for marginal oilfield bids to June 21

US, import, oil drops

The Department of Petroleum Resources (DPR) Thursday extended by one week, the deadline to register to bid for Nigeria’s marginal oilfields, with June 21 being the new deadline. The DPR launched the first marginal field award round in nearly 20 years on June 1. Applicants initially had until June 14 to register, but the timeline has been moved to June 21. The DPR, the nation’s petroleum regulator, did not give a reason for the extension, a report by Reuters said. The marginal oilfields comprise 57 fields located on land, swamp…

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