Auspicious is used here to refer to the timeliness of this presentation as Nigeria and her nationals are witnessing the second and highly publicized bidding round for marginal oil fields (fifty two in all), leveraging the apparent success of the 2003 exercise.
As a keen observer and player in the marginal oil fields circle myself, it is quite easy for me to emphasize the importance of this beautifully put contribution which reviews the historic perspective and developmental impact on the socio-economic lives of not only those who live within the host and impacted communities, but also, on the gentle boost it has given to the national daily output and its overall petroleum reserves. It additionally impacts positively on the potential investor reading through the official qualifications, definitions, classifications and the objective initiatives on the attractiveness of this high-risk venture.
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