International oil and gas production company Zenith Energy Ltd. has successfully pre-qualified for Nigeria’s 2020 marginal field bid round, organized by the Nigerian Department of Petroleum Resources (DPR).
Zenith is participating in the 2020 bid round in its capacity as technical and financial partner to a Nigerian registered oil and gas company. The DPR invited companies to apply for the 57 marginal field bid round in June.
“We are very pleased to have successfully pre-qualified for the 2020 bid round with our Nigerian partner. This bid round is an exceptionally rare opportunity for Zenith to acquire at highly advantageous terms, an underdeveloped, near-term production asset in the current low oil price environment,” says Andrea Cattaneo, Chief Executive Officer of Zenith Energy.
Zenith’s participation is in line with its strategy of identifying opportunities in Africa. The company recently acquired assets in Tunisia.