Just in: PETAN members, others consider bidding for Nigeria’s oil blocks

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By Udeme Akpan, Energy Editor in Houston, Texas

Members of the Petroleum Technology Association of Nigeria, PETAN – an association of Nigerian Indigenous Technical Oilfield Service Companies in the upstream and downstream sectors – have indicated interest in bidding for 12 onshore and seven deep offshore blocks, currently put forward for sale.

Chairman of the association, Engr. Wole Ogunsanya, who confirmed the development in a telephone interview with Vanguard, said: “We are trying to study the available fields to determine if viable in scale for our members.”

The 12 Petroleum Prospecting Leases, PPLs are 300, 301, 3008, 3009, 2000, 2001, 267, 268, 269, 270, 271 and Petroleum Mining Lease, PML 51 while the Deep Offshore Blocks, PPLs are 300, 301, 302, 303, 304, 305 and 306.

Checks by Vanguard indicated that many indigenous and International Oil Companies, IoCs, are also considering the possibility of buying the oil assets.

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Source: Vanguard Newspaper