The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, said on Wednesday the bid round for the 17 oil blocs in the country are for investors with financial capacity and technical competence.
Lokpobiri stated this during a conference organised by the Petroleum Technology Association of Nigeria (PETAN) at the ongoing 2024 Offshore Technology Conference (OTC), in Houston, Texas, the United States.
He said the move was part of the effort to drive investment and boost the nation’s economy.
