Nigeria plans to sell oilfield assets this year

- February 3rd, 2010

The Financial Times reported on Tuesday that Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds.

The Financial Times reported on Tuesday that Nigeria plans to sell oilfield assets this year containing as much as 2 billion barrels of reserves either relinquished by Western firms or unsold in three previous bidding rounds.

The press release is quoted as saying:

A bidding round for the assets, which could also include oil blocks not previously offered, may attract Asian groups and local companies, the newspaper said quoting Emmanuel Egbogah, special adviser to the president on petroleum matters.

Click here to access the entire press release

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