1. Nigeria Oil And Gas Concessions Map And Licenses Bureau South Africa
2. Nigeria Oil And Gas Concessions Map And Licenses Bureau Of Labor
3. Nigeria Oil And Gas Concessions Map And Licenses Bureau Of Water
4. Nigeria Oil And Gas Concessions Map And Licenses Bureau India

Nigeria is the largest oil producer in Africa, holds the largest natural gas reserves on the continent, and is among the world’s top five exporters of liquefied natural gas (LNG). In 2018, the petroleum sector contributed 8.60% to Nigeria’s GDP but accounted for approximately 90% of Federal Government income. Furthermore, Nigeria’s oil and gas industry was expanding into shallow and deep offshore areas and the need to source the necessary funding and technical expertise to accelerate the scope of exploration activities in these deep offshore and inland basin frontier areas led to the replacement of JOAs with PSCs as the new contractual regime. The amended law further provided for the replacement of the existing production and price-based royalty regime and mandates the Minister of Petroleum Resources to cause the NNPC to call for a review of the PSCs every eight (8) years. The new laws has resulted in reduced investment commitments in the Nigerian oil and gas sector from the oil majors.

Nigeria Oil And Gas Concessions Map And Licenses Bureau South Africa

Nigeria Oil And Gas Concessions Map And Licenses Bureau Of Labor

Nigeria Oil And Gas Concessions Map And Licenses Bureau Of Water

Nigeria Oil And Gas Concessions Map And Licenses Bureau India