All posts tagged "oil blocks"

• 
  Nigerian banks provide N280bn for power firms’ acquisition

  Nigerian banks were responsible for raising over 70 per cent (about N280bn) of the balance paid by investors for the 14 successor companies to the Power Holding Company of Nigeria, investigations by our correspondent have revealed. The...

  • Posted September 6, 2013
  • 0
• 
  Only one out of 77 oil blocks are producing – DPR

  The Department of Petroleum Resources, DPR, Thursday, disclosed that out of  the more than 77 oil blocks awarded between 2005 and 2007, only one is producing, a situation that has called for urgent intervention by the Federal...

  • Posted August 31, 2013
  • 0
• 
  Uncertainty over Nigeria’s daily oil production persists

  Nigeria’s oil production, which now fluctuates between 2 and 2.5 million barrels per day (bpd), may not likely be enhanced by the on-going oil block sales in the short-term, according to report by Reuters on Tuesday revealed....

  • Posted August 22, 2013
  • 0
• 
  DPR to revoke licences of undeveloped oil marginal fields

  THE  Department of Petroleum Resources (DPR) has given owners of under-developed marginal fields the next one-year to put the fields into production or lose their operating licences granted by the agency. Director of DPR, Osten Olorunsola, who...

  • Posted March 18, 2013
  • 0