Insight
Nigeria launches 2024 exploration licensing bid round - Update
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
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
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Nigeria launches 2024 exploration bid round
- Executive summary
- Acreage on offer
- Bidding criteria and evaluation
- Work programmes
- Development concepts
- Incentivised fiscal terms
- Conclusion
Tables and charts
This report includes the following images and tables:
- 2022 and 2024 bid round blocks
- 2022 & 2024 Bid round block summaries
- Licensing round schedule
- Amended bid parameters
- 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:
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