News listings

energy-pedia licensing

Nigeria flagNigeria

Middle East / Africa >>> Nigeria

Nigeria: Zenith Energy submits bid in Nigeria's 2020 Marginal Field Round


18 Sep 2020

Photo - see caption

Zenith Energy, the listed international oil & gas production company focused on pursuing African development opportunities, has submitted a technical and commercial bid with the Nigerian Department of Petroleum Resources ('DPR') for a marginal field in the 2020 Marginal Field Bid Round.

A total of 57 marginal fields comprising a selection of onshore, swamp and shallow offshore fields have been included in the Bid Round. The Company is participating in the Bid Round as technical and financial partner to a Nigerian registered oil and gas company. Submission of the Bid represents completion of the second stage of the Bid Round process, following the successful pre-qualification of Zenith and its local partner announced to the market on August 20, 2020.  

The Company will provide further information as appropriate once the next stage of the Bid Round is concluded.

Andrea Cattaneo, Chief Executive Officer, commented:

'The Bid Round represents a very rare opportunity for Zenith to acquire a large, underdeveloped, near-term production asset in Nigeria. Indeed, the last opportunity of this kind was in 2003. We have worked closely with our Nigerian partner to complete the necessary commercial and technical analysis required for submission of our Bid and in selecting the most compatible asset.

In the event our Bid is accepted, we have already received positive indications from a number of pan-African financial institutions regarding obtaining the necessary financing to develop the asset and achieving commercial production. I look forward to updating the market in due course regarding this opportunity.'

Original article link

Source: Zenith Energy





Bookmark and Share


A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.


Subscriber Only Deals

Current Deals

Current Upstream Deals: 363

Completed Deals

Completed Upstream Deals: 5791

Company Profiles

Current Company Profiles: 2737

Corporate Activity

Current Corporate Activity articles: 3541

Companies Looking

Current number of articles: 442

Company Sales

Current Company Sales articles:1438

Geostudies

Current Geostudies articles: 754

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...


energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...



energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...

Subscribe

Subscribe to the FREE
energy-pedia Daily Newsletter
Subscribe

KL Publishing
SLR Consulting logo
OPC
Rose & Assocs 149
Union Jack Oil 149
energy365
Bayphase
Government of South Australia
Geoespace
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans
UNITED KINGDOM

Tel: +44(0)1727 822675

Email: info@energy-pedia.com