Understanding Petroleum (Oil and Gas) Transactions and the Nigerian Market

DescriptionWith the advent of democratic rule in Nigeria in 1999, a number of international oil companies such as Shell Petroleum Development Company and Chevron have divested some of their interests, particularly in onshore acreages. Many new owners of these acreages are local juniors who are in a joint venture with the national oil company of Nigeria; the NNPC, under a new construct-Asset Management Teams.There have been several policies in the Petroleum industry such as those related to local content and domestic gas supply obligations. This book provides a clear Insight about executing transactions, obtaining licenses, and other complex issues industry participants encounter.