Asset Report
2020 Nigeria Marginal Fields
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Under the Petroleum Industry Act (PIA) of 2021, a marginal field is defined as: "a field or discovery which has been declared a marginal field prior to 1 January 2021 or which has been laying fallow without activity for seven years after its discovery prior to the effective date of the Act". On 1 June 2020, the then Department of Petroleum Resources (DPR), the regulator before the PIA was passed, launched a second marginal fields licence round. Touted for years, the round ...
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- Asset relinquishment poses a challenge
- Economic viability of the fields
- Petroleum Industry Act
- Location maps
- Participation
- Geology
- Exploration
- Development
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Fiscal and regulatory
- Royalty
- Tax
Tables and charts
This report includes the following images and tables:
- Key facts: Table 1
- 2020 marginal fields
- Participation: Table 1
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Fiscal and regulatory: Table 3
- Fiscal and regulatory: Table 4
What's included
This report contains:
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