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Marginal fields bid: DPR hints on next stage of action

The Department of Petroleum Resources, DPR, has hinted on the next stage of action for oil companies involved in the 2020 marginal fields bid round.

It said once the current pre-qualification hurdle has been passed, the next steps would be the data prying, leasing, and purchase of reports billed to be completed by August 30, 2020.

It said this will be followed by submission of technical and financial bids.

The agency made the revelation as it announced the disqualification of some participating firms from the marginal fields bid round over indebtedness to the Federal Government.

In a release, the Department said some firms would not be able to participate in the round as they were discovered to owe government either tax, tariff, or other debts.

It also said some of the biddings firms were disqualified because their directors are also directors in other companies that failed to pay statutory fees, adding that prequalification of such companies would be on hold until such directors paid their debts.

While it advised some of those it was yet to prequalify on steps to take, a deadline for meeting up with the requirement was set for Friday, July 24, 2020.

SOURCE: sweet