Companies, including their promoters, indebted to the Federal Government will not be allowed to participate in the newly launched bid round for marginal oilfields, the Department of Petroleum Resources has said. The DPR, in a document obtained by correspondent, said applicants should demonstrate the ability to fully meet the objective of undertaking expeditious and efficient developme...

As Nigeria crude oil reserve drops by 82m/b to 36.89 billion barrels in 2019 The Director, Department of Petroleum Resources (DPR), Engr. Sarki Auwalu, has said that oil fields under litigations are not part of the 57 oil fields offered by the federal government for competitive bid round. Speaking during a media interactive session on Tuesday, Auwalu said the 57 oil fields listed f...

Mr Sarki Auwalu, Director, DPR,  gave the numbers on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry in Nigeria. Auwalu said the new figures represented a marginal increase of 1.16tcf in proven natural gas reserves representing 0.57 percentage increase from previous 202tcf recorded on Jan. 1, 2019. According to him, the ...

The Department of Petroleum Resources (DPR) said nine vessels allegedly involved in oil theft had been handed over to the Nigerian Navy and the Economic and Financial Crimes Commission (EFCC). Mr Sarki Auwalu, Director, DPR,  made the disclosure on Wednesday during an online interactive session with the media on topical issues in the oil and gas industry. Auwalu said the DPR had initiate...

The Director/CEO Engr. Sarki Auwalu MNSE today met with the Media to share insights on topical issues in the Oil and Gas sector and declare Nigeria’s Oil and Gas Reserve status. Issues bothering on Resource Positions, Refineries, Major Marketers, Data gathering of Crude Oil and LNG Tracking and Marginal Fields amongst other issues were discussed. He reiterated that DPR is an opport...

The Management and Staff of the Department of Petroleum Resources (DPR) mourn with heavy heart the passing away of our beloved Colleague and former Director, Mr. Macaulay Ofurhie , which sad event occurred on Monday June 1 2020 in Lagos after a brief illness. The Head, Public Affairs DPR, Mr. Paul Osu made the disclosure in lagos in a statement on Tuesday,  adding that the late OFURHI...

Nigeria’s precarious economic situation may lighten  up pretty soon as the Department of Petroleum Resources (DPR) yesterday announced the commencement of marginal fields bid rounds for 2020. The flag-off of the 2020 marginal bid round comes amidst the country’s poor financial situation which has made the implementation of the 2020 an Herculean task for the Muhammed Buhari government ...