Insight

Nigeria launches 2024 exploration bid round

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Nigeria launches a 2024 exploration licensing bid round, its second in two years after the 2022 mini-bid round (MBR). The report provides insights into: - The initial acreage on offer for 2024 - The Nigeria government's rationale for the round - Prospectvity of the blocks - Potential development concepts in an exploration success case - An assessment on the impact of the work programme on potential bidders

Table of contents

Tables and charts

This report includes 13 images and tables including:

  • 2022 and 2024 bid round blocks
  • 2024 Bid round block summary
  • 2022 Bid round block summary
  • Bid component weighting
  • Qualification criteria for 2024 bid round
  • Discovered resources in offered blocks as at 2024
  • Years from licence award to production - deepwater
  • Summary of 2024 blocks and surrounding production facilities
  • 2024 Costs
  • Royalties - a combination of production and crude oil prices

What's included

This report contains:

  • Document

    Nigeria launches 2024 exploration bid round

    PDF 1.25 MB