FG to Kick Off Marginal Oil Field Bidding in U.S by May – Kachikwu

The Federal Government will kick off the bid rounds of marginal oil fields in Houston, Texas, United States of America (USA) in May, The Guardian reports.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu said in Uyo, Akwa Ibom State at the Nigeria Oil and Gas Opportunity Fair that the campaign for the marginal oil bid round would commence during the Offshore Technology Conference (OTC) slated for Houston, Texas, USA, between May 1 and 4 2017.

Kachikwu explained while efforts would be made to conclude the bid rounds in 2019, government would be seeking to reap maximum benefit from the exercise.He also disclosed that the Federal Government would unveil a blueprint for the development of the Niger Delta in four weeks.


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