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A total of 139 investors have shown a willingness to monetise the gas flares from the 48 flare sites, This Day newspaper said, citing Nigerian Upstream Petroleum Regulatory Commission CEO Gbenga Komolafe.
The Nigerian Gas Flare Commercialisation Programme (NGFCP) received over 300 applications, but only 139 were successful following the evaluation exercise conducted in line with the request for qualification criteria, he added.
Prospective bidders will be expected to submit bid proposals as per the terms of the request for proposal (RFP), covering areas such as technical, commercial, financial, etc.
He added that qualified applicants will have access to the data room, which also includes a suite of commercial agreements, for the 48 gas flare sites on offer.
(Writing by P Deol; Editing by Anoop Menon)
