The deadline for indicative offers for Chevron's 40% stakes in three of its onshore assets have lapsed. Of the 20 odd companies invited to bid for the Oil Mining Leases (OMLs) 52, 53, and 55, Seplat, the continent's largest indigenous oil producer and First Hydrocarbon Nigeria (FHN), the local subsidiary of London listed Afren, and Niger Delta Petroleum Resources (NDPR) are looking good to clinch the acreages.
The indicative offer is meant to determine how technically and financially sound the bidders are, but does not entirely define who wins the bid, in the opinion of impeccable sources at the Department of Petroleum Resources, the country's regulatory agency.
Also on the invitees list are Onyx, owned by Swiss investor Jean Claud Gandur; Lekoil, Frontier Oil and several others.
The indicative offer marks the beginning of the series of events culminating in the emergence of a winner by the end of September, 2013.
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