On this platform, all registered companies will undergo the pre-qualification process. Only the pre-qualified companies, can apply for any of the available Marginal oil fields after the required payments have been made on the DPR bidding round portal.
The simplicity of this enterprise system allows the proper booking of data prying based on availability and after payment for same is confirmed. This platform enables you to gain access to the relevant data on the acreages that will be placed on offer by the DPR.
With a robust data leasing engine, bidders can also pay to lease data on the available fields. This will happen after bidders have paid for data leasing on this platform.
This platform allows the bidders to purchase Field Specific Report for the fields on offer that have specific field reports. The purchase of these reports, where available, is mandatory for the applicants.
In cases where the Competent Persons Report is available for selected fields on offer in the bid round exercise, the Marginal field bid round portal, enables the purchase of this report by the applicant. The purchase of this report is mandatory for companies applying for such fields.
This platform allows the bidders to submit both their technical and financial bids. This documents will be used as basis of evaluating the bidders’ submissions during the technical and commercial bid evaluation process.
The overall technical and commercial bid evaluation processes, will be guided by the criteria specified in the guidelines. In addition to offered signature bonuses and detailed technical work programs, careful evaluation of commercial proposals will be carried out to understand which field development concepts/plans are optimal as well as most economically robust.
Following the completion of the technical and commercial bid evaluation processes, a recommendation shall be made to the Honourable Minister of State for Petroleum Resources and subsequently to the President and Commander in Chief of the Armed Forces of Nigeria for approval, in accordance with the Petroleum (Amendment) Decree, 1969. Successful applicants shall thereafter be duly informed by the DPR.
This is the last process on the Marginal fields bid round exercise, whereby the Leaseholder and the marginal field winner(s) shall promptly enter into negotiations regarding the terms and conditions of the Farm-out Agreement. The parties shall endeavour to reach an agreement within 90 days. Marginal Fields provides the opportunity to gainfully engage the pool of high level technically competent Nigerians in the oil & gas sector