WHO IS ELIGIBLE TO BID FOR A PETROLEUM PROSPECTING LICENCE?
Theexerciseisopenandnon-discriminatory tobothlocalandforeign companies.Meaningthattoparticipate inthelicencinground, companiesdonotneedtoregisterinNigeriaundertheCompaniesand AlliedMatterAct(CAMA).However,aPPLshallonlybeawarded to companies dulyregisteredinNigeriaundertheCAMAasstipulated underthePIA.Anapplicantmayparticipate inthebiddingprocess eitherasanindividualcompanyorasamemberofaConsortium.