Business

FG Awards 57 Marginal Fields to New Investors

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The Federal Government has revealed that 13 out of the 30 marginal fields awarded since 1999 were not producing crude oil as only 17 of the fields were currently meeting the target of crude oil production.

It, however, noted that it has awarded 57 marginal fields to at least 49 new investors in Abuja, adding that a total of N202.91billion was raked in by the government from the just concluded 2020 marginal field bid round.

Written by: Helen Obih

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