Nigeria: DPR Gives Investors Two-Year Deadline to Develop Marginal Fields

13 December 2013

The Department of Petroleum Resources (DPR) has asked investors bidding to acquire marginal oil fields in the current bid round to make sure that fields that would be allocated to them are developed within two years upon allocation or risk losing them.

Director of DPR, George Osahon, Thursday in Abuja, disclosed the department's stance on the development of the marginal fields during a road show for the 31 marginal fields.

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