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Oil fields bid: Issues that suffered during Buhari’s vacation receive attention

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More issues that tactically suffered official attention while President Muhammadu Buhari was away on medical vacation are beginning to receive treatment.

Just as the report on the embattled Secretary to the Federal Government (SFG), David Lawal, was the first to get the needed attention earlier last week, weekend, the Nigerian National Petroleum Corporation (NNPC) signaled the readiness of the government to begin bids for oil marginal fields which had reached advanced stage before President Buhari jetted out to London.

Business Hilights had on return of President Buhari published a report on sectors, issues that suffered while the president was away.

Leass than one week after his return, the NNPC has urged members of the Independent Petroleum Producers Group (IPPG) to participate in the forthcoming bid round for about 30 marginal oil fields which would soon be flagged off by the Federal Government.

Group Managing Director of NNPC, Maikanti Baru, gave the charge when he received a delegation of IPPG led by its Chairman, Ademola Adeyemi-Bero, at the corporation’s headquarters in Abuja.

Baru also urged the petroleum producers to take advantage of the low crude oil price regime to develop their capacity and acquire technology, saying there were lots of opportunities in the marginal fields which would soon be available.

NNPC boss averred in a statement by the corporation’s spokesperson, Ndu Ughamadu, that “The marginal oil field lease renewal is an opportunity for your group. You will need to engage the DPR early in discussion to find out the conditions that the Federal Government is interested in. For example, the supply of gas to power plants and fertiliser plants and I think your group will be successful.”


Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.