Exploration: News for Oil & Gas and Hydrocarbon Industries  Membership Services Ľ
Gulf Oil and Gas grow your business
Home News Events Projects Tenders Unconventionals Community | My Account
Products and vendors Services and providers Jobs

Nigeria Opens Bids For 78 Oil Blocks

Source: Tahran Times 8/25/2005, Location: Africa

Share |

Nigeria opened the bidding Friday in an auction of 78 oil exploration blocks in the waters of the Gulf of Guinea, the creeks of the Niger Delta and the inland basin near Lake Chad in its far north east. About 380 foreign and Nigerian firms are participating in the licensing round either as individuals or in a consortium, the director of the Department of Petroleum Resources, Tony Chukwueke, told the opening session of the event.

The bid program indicates that any block not sold on Friday will be put on offer again Saturday with the bidders having equal right to participate in the second round.

Junior oil minister Edmund Daukoru had said that Nigeria's first deep water offshore oilfield will begin production next month and by next year it will help to ease supply shortages that have pushed world prices to near record levels. Nigeria is already Africa's biggest oil producer, with exports of around 2.5 million barrels per day, and supplies more than ten percent of the United States' crude imports.

Oil majors have made massive investments in deep offshore development and hope that within five years, when more new fields begin production, exports could pass four million barrels.

Exploration News in Nigeria >>

Encouraging Gas Shows in Lofin-2 Appraisal Well
  Indonesia >>  3/25/2015 - ∑ Lofin-≠2 is at 4867m MD/4763.5m TVDSS and is in the process of cutting a second core in the Manusela Formation primary objective. ...
Pakistan's OGDCL Announces Oil Discovery at the Palli Deep-1 Well
  Pakistan >>  3/25/2015 - Oil and Gas Development Company Limited (OGDCL) has discovered oil from its exploratory well Palli Deep-1, which is located in District Tando Allah Ya...

Murphy Oil's Urca Well in Block 697 Fails to Encounter Hydrocarbons
  United States >>  3/23/2015 - Murphy Oil Corporation announced the results from its recent exploration drilling program. ...
Austin Forms JV with Drilling Company to Develop Austinís Pierre Shale
  United States >>  3/23/2015 - Pathfinder Prospect, Fremont County, Colorado (100% of 11,5 60 acres) ...

Kangaroo West-1 Exploration Well Reached Total Depth
  Brazil >>  3/20/2015 - Kangaroo West-1 exploration well had reached its planned total depth of 3,170 mRT. Based on mudlog and LWD petrophysical data, no hydrocarbons were in...
Gulfsands Petroleum Provide Corporate Update
Morocco >>  3/20/2015 - Gulfsands Petroleum plc, the oil and gas production, exploration and development company with activities in Morocco, provides the following update on ...



Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |

More News

Oil & Gas Companies in Nigeria >>

Related Links

Countries Quick Links

AO BJ CD CG CI CM DZ EG ET GA GH GN GQ KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO TD TN TZ UG ZA ZM
Gulf Oil and Gas B2B marketplace:   About -  Advertising -  Competitive Intelligence -  Talent Solutions -  Membership Services Follow us on Facebook
Copyright © Universal Solutions All rights reserved. Privacy Policy. - Contact Us  Gulfoilandgas rss feed