Nigeria’s Minister of State for Petroleum has finally signed off on the launch of the country’s first bd round in 13 years, prompting the official release of the guidelines.
A total of fifty-seven fields, located on Land, Swamp and Shallow offshore terrains are on offer.
The bid is open only to Nigerian owned companies and a key criterion for prequalification is Federal Character Representation (evidence that a participatig company’s owners and key personnel are drawn from diverse parts of the country).
The Department of Petroleum Resources (DPR) will run the process.
Application form (for bidding) will be provided by the DPR and shall attract non-refundable chargeable fees as follows:
- Application fee: 2 Million Naira per field.
- Bid Processing Fee: 3Million Naira per field.
- Data prying fee: $15,000.00 per field. Data prying shall be on appointment.
- Data Leasing fee: $25,000.00 per field.
- Competent Persons Report: $50,000.00 (Fifty Thousand US Dollars).
- Fields Specific Report: $25,000.00.
Application fees and processing fees be paid into the Treasury Single Account (TSA). Signature Bonus will be paid into the Federation Account.
The fees for data leasing, data prying, Competent Persons Report (CPR) and Field Specific Report should be paid into the account of the National Data Repository (NDR) for repayment.
The applicant must show evidence of technical and managerial capability. The applicant shall demonstrate ability to fully meet the objective of undertaking expeditious and efficient development of a Marginal Field. Where there is little or no track record of petroleum operations, interested companies would be expected to demonstrate ability to manage or develop in that direction in the short to medium term.
Company shall confirm willingness to pay the offered Signature Bonus if successful.
The signature bonus will be determined by the economic viability of each field; which means that different
Such monies will be paid into the into the Federation Account. The bid round shall soon be announced,
The DPR will manage the process, ensuring compliance to the tenets of the guidelines.
Fuller details are in the DPR dedicated portal marginal.dpr.gov.ng