A total of 128 awardees that emerged as successful bidders in the 2020 Marginal Field Bid Round have made complete and part payments for signature bonuses in the oil fields, the Federal Government said on Thursday.
It also disclosed that 33 awardees did not make payments during the 45 days window given to successful bidders to pay the required signature bonuses for the oil fields and as such had lost their awards to suitably qualified reserve bidders.
The government further disclosed that it had so far garnered about N174bn from the marginal oil field bid round programme.
