According to Babalola, in 2005 bid round – 65% indigenous and 35% foreign oil firms participated; in 2006 bid round – 40% indigenous and 60% foreign oil firms participated; and in 2007 bid round – 85% indigenous and 15% foreign oil firms took part in the exercise. More »
Nigeria oil blocks: Firms owe $515m in signature bonus – DPR
Reviewed by Crude Oil Facilitators
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