“We expect within the next couple of months a marginal bid round will be announced. We hope a major bid round will follow before the end of the year,” Diezani Alison-Madueke said.
“Shell and Chevron (onshore licence renewals) are … in the final stages now, those will definitely be out before the end of the year,” she added.
Exxon Mobil signed 20-year oil licence renewals on Nigerian onshore assets producing around 550,000 barrels per day in February but other oil majors are still negotiating terms with the government.
BusinessNews
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