International oil and gas production and exploration company, Zenith Energy, has submitted a bid in Nigeria’s most recent 2020 marginal field bid round, according to a press release.
The bidding round, organized by the Nigerian Department of Petroleum Resources (NDPR), is offering up a total of 57 marginal fields comprising a selection of onshore, swamp and shallow offshore fields have been included in the Bid Round.
The bid is in collaboration with a registered Nigerian oil and gas company and Zenith will act as the technical and financial partner to this local oil company.
Andrea Cattaneo, CEO of Zenith Energy, said, “The bid round represents a very rare opportunity for Zenith to acquire a large, underdeveloped, near-term production asset in Nigeria. Indeed, the last opportunity of this kind was in 2003. We have worked closely with our Nigerian partner to complete the necessary commercial and technical analysis required for the submission of our Bid and in selecting the most compatible asset.”