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A thread on how: Nigeria’s oil bid process leaves investors in doubt

Sixteen years after the last bid for big oilfields, Nigeria is offering seven deepwater offshore blocks to investors but...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday Image
old problems involving regulatory concerns have investors worried.

It is the first bid round since the passage of the Petroleum Industry Act (PIA) – a law that Nigeria is yet to fully implement its ...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
provisions or develop enough regulations to form a coherent policy.

The proposed 2023 mini-bid round aimed at spurring new exploration and drilling activities in Nigeria’s deepwater is coming at a time

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
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