Milestones on the marginal fields awards to thirty one (31) new indigenous exploration and production companies.
Kick-off of marginal field prequalification
Submission of pre-qualification documents
Approval by the office of presidential advisor for petroleum and energy (PAPE)
Selected companies are invited to prepare a commercial and technical bid
Submission of technical & commercial bids
Announcement of 31 marginal fields winners
Farm-out Agreement negotiations
Government approval of final farm-in, farm-out deal
Implementation