Abstract

The Nigerian marginal field development programme commenced with the 1996 amendment of the Petroleum Act which recognized the existence of the fields and provided for their farm-out. In pursuit of this programme, government embarked on retrieval of the fields from the major oil firms previously holding them, and awarding them to new bidders. But the key motive of the programme which is to develop the fields and boost petroleum production through them is scarcely achieved. The challenges of the marginal field companies like funding, technological and experience needs are rooted ...