Bid round: FG offers 50 oil blocks, targets $10bn investments

By Obas Esiedesa, AbujaThe Federal Government, yesterday, unveiled 50 oil and gas blocks for bidding, targeting about $10 billion in fresh investments and an additional 400,000 barrels per day in national production.In the long term, the government hopes to deliver 10 billion barrels of oil over the next decade.Announcing the bid round in Abuja, the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, said the blocks, spread across onshor