Kachikwu takes Nigeria’s marginal fields bid to potential investors at OTC

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02 April 2017, Naija247news, Abuja – Minister of State for Petroleum, Dr. Ibe Kachikwu, has revealed that he would be at this year’s Offshore Technology Conference, OTC, in Houston, Texas in the United States with the intention of marketing Nigeria’s marginal oil fields bid rounds to potential investors.

The annual OTC, which attracts top oil and gas industry experts and players as well as industry enthusiasts, holds in Houston from May 1.

There is no date yet for Nigeria’s marginal field rounds but Kachikwu said the rounds could be completed between 2018 and 2019.

Kachikwu disclosed this at the maiden Nigeria Oil and Gas Opportunity Fair, NOGOF, organised by the Nigerian Content Development and Monitoring Board, NCDMB, in Uyo, Akwa Ibom State.

The minister did not say the locations of the marginal oil fields or the number to be offered for bidding but he said the process will begin with a roadshow in Houston.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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