Adeoye Adefulu

Unbundling the Petroleum Industry Governance Bill

Nigeria's Petroleum Industry Governance Bill (PIGB) was recently passed by the National Assembly and forwarded to President Buhari for his assent. The Bill proposes to reform the Nigerian petroleum industry governing institutional framework by amongst others, setting up an independent regulatory agency, unbundling the NNPC into two limited liability companies and setting specific policy roles for the Minister of Petroleum Resources. Energy Partner, Dr.

Training of NNPC employees

Energy Partner Dr. Adeoye Adefulu provided training to over 50 employees of the Nigerian National Petroleum Corporation (NNPC) on Wednesday, May 29th on the “Key Legal Issues in the Nigerian Oil and Gas Industry” as a part of NNPC’s foundational skills course. The seminar examined foundational issues such as the ownership of oil and gas in Nigeria, NNPC’s role in the industry, the types of petroleum development arrangements used in the country, Petroleum Industry Bill, and Local Content.

The Petroleum Industry Bill: 5 Things The Incoming Government Must Do

The Petroleum Industry Bill (PIB), which has been with us in one form or the other since 2008, proposes to completely overhaul Nigeria’s petroleum industry. The current draft of the Bill, sent to the National Assembly in 2012, seeks to, amongst others, restructure the regulatory and commercial institutions in the petroleum industry, change the fiscal dynamics and reform the operational mechanisms of the upstream, downstream and natural gas industries. This paper highlights 5 actions the incoming government may take to get oil industry reform back on track.