Federal Government Charges Marginal Field Investors to Raise Crude Production Volume

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The Minister for State of Petroleum Resources, Timipre Sylva, has charged the 57 marginal field investors to quickly develop their assets to increase crude oil production.

Sylva gave the charge in Abuja at the formal presentation of Petroleum Prospecting Licences to the operators by the Nigerian Upstream Petroleum Regulatory Commission.

The Minister noted that $2.7 billion was generated from the bid rounds conducted in 2020.

Written by: Helen Obih

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