June 3, 2020 / 1:54 PM / a month ago

Nigeria expects to have marginal oilfields information within 10 weeks

LAGOS (Reuters) - Nigeria expects to have all information on bids for marginal oilfields within 10 weeks, the Department of Petroleum Resources (DPR) said on Wednesday.

Nigeria on Monday launched its first licensing round for marginal oilfields since 2002, which the country hopes will boost oil output and bring in much needed revenues. Marginal fields are smaller oil blocks that are typically developed by indigenous companies.

Reporting by Libby George and Alexis Akwagyiram

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