Report summaryIn 1996, a government decree provided for the voluntary and compulsory divestment of marginal fields by the major IOC/NNPC joint ventures. In 2000, Chevron farmed out the first marginal field (Ogbele on OML 54) to Niger Delta Exploration & Production.In 2001, the government launched a marginal fields programme and invited bids from indigenous companies for 24 out of 113 identified fields. The fields were finally awarded in 2004. The new operators signed farm-out agreements (FOA) with ...
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