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Nigeria Looking to Minority Companies for Oil Exploration

The Nigerian government has scheduled a round of bidding for oil and natural gas drilling projects this summer. Nigeria is interested in attracting more minority companies into the process. Nigeria was under military rule until 1999, and the country’s president is reform-minded, including reforming the way rights to oil and gas assets are given out. […]

The Nigerian government has scheduled a round of bidding for oil and natural gas drilling projects this summer. Nigeria is interested in attracting more minority companies into the process.

Nigeria was under military rule until 1999, and the country’s president is reform-minded, including reforming the way rights to oil and gas assets are given out. Tony Chukwueke is Nigeria’s new Director of Petroleum Resources, and on his recent visit to Houston for a workshop on Nigeria’s bid round, he noticed how multicultural the U.S. has become.

Chukwueke says Nigeria’s president has a hands-on approach as to which companies will be invited to explore for oil.

To find out more about Nigeria’s bid round, Houston-area oil and gas producers attended a workshop presented by the American Association of Blacks in Energy. That group’s president is Bob Hill, who says it’s not uncommon for countries to require that a certain percentage of workers be from the oil-producing country.

Journalist Mike Oduniyi with the Lagos newspaper This Day traveled to Houston to report on the bid workshop.

The Ministry of Petroleum and Energy’s requirement that firms employ local Nigerians is seen as a way to re-invest in the local economy.

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