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Financial Times: Background

Published: May 11 2007 03:00 | Last updated: May 11 2007 03:00

The 45 oil blocks on offer in Nigeria’s latest licensing round include 11 in deep water offshore, 10 in shallow water, 13 onshore in the hostile Niger Delta and 11 in inland basins that have attracted limited interest. Most of the blocks have either been revoked from companies that have failed to develop them or received no bids in previous rounds.

Shell, Nigeria’s largest producer, is challenging the offer of two of the blocks and a court ruling on the case is scheduled for May 17.

Copyright The Financial Times Limited 2007

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