to be pre-qualified for the bid rounds of 57 marginal fields, which began on June 1, 2020.
“Signature bonuses for 119 awards were fully paid, nine awards were partly paid for and 33 awards were not paid for. This has resulted in various challenges inhibiting the close-out of the exercise. “It is pertinent to inform you that concerted efforts are being made to ensure that the 2020 MFBR exercise is completed within the shortest possible time.”He said relevant marginal field leaseholders had also been invited to the forum so that they could understand their roles and responsibilities as it affects the farm-out of the fields, which he said included facilitating the achievement of first oil collaboratively.
He said the NUPRC management, on the assumption of duty, set up a committee to look into issues surrounding the bid round and come up with strategies to resolve them.
Who want dey collect am ?
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