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The Department of Petroleum Resources (DPR) says over 600 companies have applied to be prequalified for the ongoing bid rounds of 57 marginal oilfields in the country.

Atlas Petroleum International resumed workover activities and well interventions on OML 109 over the weekend, in a bid to enhance production from the Ejulebe marginal field.

Shell began evacuating workers earlier this week from the Bonga floating, production, storage, and offloading (FPSO) unit after some of them contracted coronavirus, resulting in the maintenance program being halted, sources disclosed.

Two Local Government Areas of Plateau State have oil and gas prospects capable of contributing to the economic growth of the country, the Nigerian National Petroleum Corporation (NNPC) says as it begins to explore the areas for oil.

Nigeria is keeping its promise to comply with the OPEC+ oil cut agreement as it has cut production to 185,000 barrels per day (bpd).

The business assets of Seplat Petroleum Development Company Plc which include Oil Mining Leases 4, 38, and 41 have been successfully handed over to its subsidiary, Seplat West Limited, the company announced on Thursday.

Oil exploration has commenced at eight Local Governments in the Bida Basin of Niger state, the Nigeria National Petroleum Corporation (NNPC) has announced.

The deadline to register for Nigeria’s marginal oilfields bids has been extended by one week to close on June 21, the Department of Petroleum Resources (DPR) announced on Thursday.

The Nigerian National Petroleum Corporation (NNPC) is taking measures to bring down the cost of crude oil production to $10 per barrel or below, the Corporation’s Chief Operating Officer (COO), Ventures, and Business Development, Mr. Roland Ewubare, has said in a press release.

The Federal Government has pledged to fully comply with the oil output cut agreed upon by the Organisation of Petroleum Exporting Countries (OPEC) and its allies on Saturday.