Tag: Department of Petroleum Resources

House, DPR on Collision Course Over Oil Block’s Revocation, Awards

Efe Wellington

Experts back DPR, say House lacks power to reverse Dawes Island Marginal oilfield’s Award   The Nigeria’s House of Representatives’ Committee on Public Petitions and the Department of Petroleum Resources (DPR) are on collision course over Dawes Island marginal field lost by Eurafric for holding the national asset without production and making it unviable for seventeen years. Platforms Africa reports that the Minister of Petroleum Resource through the Department of Petroleum Resources (DPR), a regulator empowered by law, awarded the field to Petralon 54 Limited and its partners during the…

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Nigerian Oil blocs’ winners emerge, get 45 days to pay Signature bonus

Efe Wellington

  The Department of Petroleum Resources (DPR) has picked winners for 57 marginal oil blocs with demand for them to pay as much as $1.14 bil  lion cumulative Signature Bonus in 45 days. The agenxy itself said rarlier that it targetted at least $500 million in signatire bonuses from the process. The agency, Platforms Africa gathered, distributed the third letter in the series of correspondences it has been sending to, apparently, the 161 companies selected as winners of interests in the 57 marginal fields on offer in the country’s second…

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DPR begins 203.16trn scf gas reserves’ optimisation, plugs domestic hubs into NGTNC

Efe Wellington

  The Nigeria’s oil industry regulator, the Department of Petroleum Resources (DPR), has advanced plans to optimise the country’s.16 trillion standard cubic feet (scf) gas reserves. This, the Director for the agency, Engineer Sarki Auwalu said, would be achieved by plugging the domestic gas market hubs into the Nigeria Gas Transportation Network Code (NGTNC). Reiterating its commitment to fast-tracking full integration of the domestic gas market hubs into the NGTNC, the agency said in a statement by its Head, Public Affairs, Mr. Paul Osu, that this is to ensure optimal…

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