Asset report

Undeveloped Marginal Fields

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Report summary

In 1996, a government decree provided for the voluntary and compulsory divestment of marginal fields by the major IOC/NNPC joint ventures. 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, as the new operators signed farm-out agreements (FOA) with NNPC and the IOC partners who remained as licence holders. Since 2004, less than half of the 24 marginal fields ...

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    Undeveloped Marginal Fields

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    Undeveloped Marginal Fields

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Table of contents

Tables and charts

This report includes 9 images and tables including:

Images

  • Marginal fields awarded in 2004

Tables

  • Key facts: Table 1
  • Participation: Table 1
  • Exploration: Table 1
  • Reserves and resources: Table 1
  • Fiscal and regulatory: Table 1
  • Reserves and resources: Table 2
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 3

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