Tag: Heineken Lokpobiri
Federal Government Removes Signature Bonus Requirement to Boost Oil Sector Investment
In a bid to stimulate new investments and ramp up oil production, the Federal Government has announced the removal of the requirement to pay a signature bonus when bidding for oil blocks. The Minister of State for Petroleum Resources, Mr. Heineken Lokpobiri, made this announcement during his participation in the 2024 Offshore Technology Conference (OTC)…