Investor Presentaiton

2020 Marginal Field Bid Round -Basis for Sustainability Revocation of inactive and non- performing marginal fields Commencement of 2020 Bid round for marginal fields allocation. Robust and Credible Award process 888 (Ensuring the sustainability of the Marginal Field Programme Ensure Robust Field Development Plans UNITY AND ENTH PLACE AND PROGRESS General Post-Award Conditions ✓ Transfer of Interest Post Award - Awardee can not assign more than 49% interest to another party post-award. ✓ Termination of Rights of Interest Holder - In case of Joint Award, the Minister reserves the right to cancel/withdraw the interest of a party or parties whose failure in meeting their obligations result in the Awardee(s) being unable to progress work on the field. ✓ Protection of Partnerships - The Minister reserves the right to void an award if the activities of the parties post-award are aimed at frustrating the basis of the award as evidenced in the technical /commercial services agreement submitted in support of the bid. ✓ Dispute Resolution - All operational and commercial disagreements arising among Awardees or between Awardees and their partner(s) post-award, shall first be referred to the Nigerian Oil and Gas Alternative Dispute Resolution (ADR) Center

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