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Nigeria's DPR dishes out marginal field awards to local companies

Nigeria s DPR
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Nigeria’s Department of Petroleum Resources (DPR) has completed the distribution of marginal fields to indigenous companies.
DPR head Sarki Auwalu congratulated winners at a ceremony in Abuja. The official noted the importance of making progress in making progress.
Nigeria held a similar process in 2003 but a number of companies never managed to reach production.
“We expect [companies] to come up with a workable plan, which we will help them with as well. We know some of them are entering E&P, we will lend the experience of the DPR to make sure they achieve a return on investment,” Auwalu said. ....

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Breaking News | First Floating LNG Project: UTM Offshore, JGC, KBR Sign Pre-FEED Contracts

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By Sebastine Obasi Nigeria’s local content has received a boost, following the signing of preliminary Front End Engineering Design, Pre-FEED, agreement as an indigenous firm, UTM Offshore Limited, with Japan Gas Corporation, JGC, to establish a Floating Liquefied Natural Gas, FLNG, the first of its kind in Nigeria.
The Pre-FEED scope shall be completed within four months from commencement date.
Also, UTM has engaged Kellogg Brown and Root (KBR) UK to provide owner’s engineering services on the project.
KBR shall provide due diligence on the JGC scope by conducting a third-party review of all deliverables from JGC during the Pre-FEED. ....

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First floating LNG project: UTM Offshore, JGC, KBR sign Pre-FEED contracts

First floating LNG project: UTM Offshore, JGC, KBR sign Pre-FEED contracts
On
By Sebastine Obasi
Nigeria’s local content has received a boost, following the signing of preliminary Front End Engineering Design, Pre-FEED, agreement as an indigenous firm, UTM Offshore Limited, with Japan Gas Corporation, JGC, to establish a Floating Liquefied Natural Gas, FLNG, the first of its kind in Nigeria.
The Pre-FEED scope shall be completed within four months from commencement date.
Also, UTM has engaged Kellogg Brown and Root (KBR) UK to provide owner’s engineering services on the project.
KBR shall provide due diligence on the JGC scope by conducting a third-party review of all deliverables from JGC during the Pre-FEED. ....

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Nigeria kicks Addax out of four licences and awards acreage to indigenous players

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Nigeria's upstream petroleum sector: looking back at 2020 and looking ahead in 2021 | Bracewell LLP

The existing rates of 10% for deep offshore and 7.5% for frontier basins are unchanged.
Crude oil by price: 0% for an oil price of below US$ 50 per barrel, 5% at an oil price of US$ 100 per barrel and 10% for above US$ 150, with linear interpolation between these markers. These rates are for 2020 and are to be increased by 2% each year. No royalty is payable in frontier acreage.

Grandfathering or voluntary conversion of existing licences:
Last year also saw proposed changes to Nigerian content requirements. The Nigerian Content Development and Enforcement Bill (Bill) proposed to repeal and replace the Nigerian Oil and Gas Industry Content Development Act 2010. Important changes in the draft Bill we saw included the end of charging of the content development levy, with the Board to instead receive funding from the Government (however the power and solid mineral industries will face content levies). However, this Bill has not yet become law. ....

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