13 Marginal Fields Dormant As FG Awards 57 To New Investors
The Federal Government on Tuesday revealed that 13 out of the 30 marginal fields awarded since 1999 were not producing crude oil, as only 17 of the fields were currently meeting the target of...
FG Hopeful Of $5.7bn Investment From Marginal Fields
If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered to investors, it might be able to attract about $5.7billion into the economy.
Although the Department of Petroleum Resources (DPR) did...
Oil Firms Sign $350m Deal To Develop Marginal Fields In Rivers
Green Energy International Limited, operator of the Otakikpo marginal field in Oil Mining Lease 11 in Rivers State, on Sunday, announced the signing of a $350m Memorandum of Understanding with a consortium of international...
