Guidance Note on the Marginal Field Bid Rounds 2020

The Department of Petroleum Resources (DPR)on the 31st of May 2020 issued Guidelines for the Award and Operations of Marginal Fields in Nigeria, 2020 (“the Guidelines”). The aim of the Guidelines is for the development of several unattended oil and gas discoveries in Nigeria as wellas set out the procedure for the farm out of unproduced, unappraised, abandoned or producing fields existing on Oil Mining Leases (“OMLs”) to independent and indigenous Nigerian Companies. This Guidance Note sets out in succinct detail the provisions of the Guidelines and what prospective bidders must avert their minds to prior to commencing the process.

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