Marginal Field Operations in Nigeria and the Challenge of Uncertain Tax Regime: What Are the Available Options?
Article from: OGEL 4 (2015), in Taxation
The announcement by the Minister of Petroleum Resources (MPR) of the 2013 Marginal Field Licensing Round, 10 years after the first round, represents an opportunity to acquire a marginal field as well as the sobriquet of an "oil and gas player" for many Nigerians. According to NOG intelligence, if the number of the people that attended the kick-off of the road show for the licensing round is anything to go by, the DPR is likely to receive quite a number of bid applications because "it seems like everyone wants a marginal field" . The concern of many would hardly be about ...