Oil & Gas

The PIB And The Petroleum Host Communities Fund

Since our last publication  when we reviewed Part Two and Three of the Petroleum Industry Governance and Institutional Framework Bill 2015, there have been new developments in this area. First, the Bill (now tagged the Petroleum Industry Governance Bill 2016 “PIGB”) passed first reading after deliberations by the Senate. This new Bill largely retains the content of the version we have been reviewing, with a few amendments.