Nigeria, July 21 -- Nearly 150 companies on Tuesday began the commercial bidding process for Nigeria's oil and gas assets at the Commercial Bid Conference organised by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja.

Among the companies participating in the exercise are Accrete Exploration and Production Company Limited, Danem Oilfield and Energy Limited, Energia Limited, Faceato Petroleum Development Company Limited, Gifait International Limited, GMT Energy Resources Limited, Jenkinstown Resources Limited, MAG Energy Limited, Sonic Petroleum Limited, Technical Integrated Global Services Limited, and Helbherg International Limited.

More companies are expected to participate as the rigorous commercial bid process c...