How we’re cushioning pandemic impacts on Nigeria’s oil and gas sector – Auwalu, DPR CEO

How we’re cushioning pandemic impacts on Nigeria’s oil and gas sector – Auwalu, DPR CEO

Engr. Sarki Auwalu, director and CEO of Nigeria’s Department of Petroleum Resources (DPR), told the press about how the country is strategically implementing OPEC-mandated production cuts and the unprecedented co-operation among industry stakeholders to fight the pandemic. DPR is the regulatory body for Nigeria’s oil and gas industry.   How has DPR managed to ward off some of the negative impacts of Covid-19 on Nigeria’s oil and gas industry? The president and government authorities have rolled out a wide range of policy directions in response to the pandemic. DPR has…

Read more

Nigerian petroluem regulator bars debtors from bidding for marginal oil fields

Africa Oil & Gas

OIL firms indebted to the Nigerian Government will not be allowed to participate in the newly launched bid round for marginal oilfields as oil firms, the Department of Petroleum Resources, (DPR) has revealed. Sarki Auwalu, Director of the DPR, in a statement, said that the 57 oil fields which are listed for bidding were small oil fields that major oil companies considered unprofitable and auctioned to indigenous companies under a competitive bidding round. “We are so impressed by the responses so far. For so long the industry has been stagnant…

Read more