Petroleum drilling and production regulation 1969 with. The discovery was made by shellbp, at the time the sole concessionaire. The nnpc business operations are managed through strategic business and corporate services units sbuscsus in diverse locations across nigeria. Explore, in relation to petroleum, means to make a preliminary search by surface geological and geophysical methods, including aerial surveys but excluding drilling below. Faculty of law, afe babalola university, ado ekiti, ekiti state, nigeria. The national petroleum policy,the national petroleum 2017. Iba new petroleum industry bill for nigeria debbie legall. Framework paperi oil and gas resources in the federal. Pdf the nigerian national petroleum corporation nnpc. Prior to its independence in 1960, most of its gdp was derived from agriculture. News and information about nnpc, a public organization that manages the governments interests in the nigerian oil industry. The petroleum act is the principal statute that governs petroleum operations, including exploration, production and use. This paper examined this act, which is in fact one the many tax heads, under which different arms of the government levy charges to the petroleum industry. A flat royalty rate, say of 15% across all fields in line with.
Petroleum profits tax act an act to impose a tax upon profits from the winning of petroleum in nigeria, to provide for the assessment and collection thereof and for purposes connected therewith. Act 46 of 1969 amended by 4 of 1970 16 of 1974 38 of 1974 34 of 1975 27 of 1976 9 of 1979 45 of 1979 47 of 1980 29 of 1988 14 of 1990 34 of 1995 8 of 1996 79 of 2000 of 2010 chapter 62. However, gulf oil company the name by which cheron was known in its early days in nigeria discovered nigerias first successful offshore oil field in december, 1963, by april 1965, it exported nigerias first barrels of crude oil to the international market. Most of nigeria s oil fields are small and scattered, and as of. An act to dissolve the nigerian national oil corporation and to establish the nigerian national petroleum corporation empowered to engage in all commercial activities relating to the petroleum industry and to enforce all regulatory measures relating to the general control of the petroleum. The most important petroleum legislation in nigeria is the petroleum act, 1969, section 1 of which provides that the entire ownership and control of all petroleum in, under or upon any lands to which this section applies shall be vested in the state. Offences in connection with the distribution of petroleum products 6. Nigerian national petroleum corporation news latest. The national petroleum policy, 2017 introduction nigeria is the th largest producer of crude oil contributing circa 3% of the worlds production, and is also the 11th largest holder of proved oil reserves, holding at least 2% of total oil reserves. Analysis of the nigerian oil and gas industry content act 2010. Includes business units of exploration and production, gas development, refining, distribution, petrochemicals, engineering, and commercial investments. An act to provide for the exploration of petroleum from the territorial waters and the continental shelf of nigeria and to vest the ownership of and all onshore and offshore revenue from petroleum resources derivable therefore in the federal government and for all other. Offences in connection with the distribution of petroleum products. An act to dissolve the nigerian national oil corporation and to establish the nigerian national petroleum corporation empowered to engage in all commercial activities relating to the petroleum industry and to enforce all regulatory measures relating to the general.
Currently, the ministry of petroleum resources is charged with regulating nigerias oil and gas industry under the petroleum act 1969. Nigeria lng fiscal incentives, guarantees and assurances act bank of nigeria, shall not apply in relation to the importation of a plant, machinery, goods and materials for use in the construction of or incorporation of a plant, jetty, ship ping, transmission facilities and ancillary works used in the companys business and in. The manager shall have continued charge of all operations authorized by the licence under which he or she is operating. Countryterritory nigeria document type legislation date 1969 1998 source fao, faolex long title an act to provide for the exploration of petroleum from territorial waters and the continental shelf of nigeria and to vest the ownership of, and all onshore and offshore revenue fro petroleum sources derivable therefrom in the federal government and for matters incidental thereto. The nigerian national petroleum corporation nnpc is the oil corporation through which the federal government of nigeria regulates and participates in the countrys petroleum industry. The nigerian national petroleum corporation nnpc and enforcement of zero gas flaring regime in nigeria article pdf available september. May 25, 2017 the nigerian senate thursday passed the petroleum industry governance bill, seventeen years after it was first introduced to the national assembly. An act to make provision for the licensing and control of the refining of hydrocarbon oils for purposes of excise and for matters connected therewith. Public regulation of the oil and gas industry in nigeria ggu law. The discovery of crude oil in commercial quantities in nigeria in the late 1950s marked an. This is an act that provides for the exploration of petroleum from territorial waters and the continental shelf of nigeria and to vest the ownership. Act to be paid by the applicant on the submission of the application and on. These pioneering efforts ended abruptly with the outbreak of the first world war in 1914. The analysis of the effect of petroleum profit tax on.
Pdf examination of some legislations referencing acquisition of. Origin and occurrence of crude oil in the niger delta, nigeria article pdf available in journal of petroleum science and engineering 612. Petroleum act an act to provide for the exploration of petroleum. The latter act provided, amongst others, that the holder of an oil mining lease must within 10 years from the grant have employed at. These regulations provide rules for the handling and storage of oil for purposes of refining. Page 2 the national petroleum policy, 2017 introduction nigeria is the th largest producer of crude oil contributing circa 3% of the worlds production, and is also the 11th largest holder of proved oil reserves, holding at least 2% of total oil reserves. Read all the latest news, breaking stories, top headlines, opinion, pictures and videos about nigerian national petroleum corporation from nigeria and the world on today. The petroleum act 1969 now cap10 lfn 2004, oil pipelines act 1956 now cap. Nigeria 1969 petroleum act natural resource governance institute. A plan for giving first consideration to services provided within nigeria with a list. An act to provide for the exploration of petroleum from the territorial waters and the continental shelf of nigeria and to vest the ownership of, and all onshore and offshore revenue from petroleum resources derivable therefrom in the federal government and for all other matters incidental thereto. Pdf on jun 8, 2015, yinka omorogbe and others published the.
Nigeria joined the ranks of oil producers in 1958 when its first oil field came on stream producing 5,100 bpd. The most important oilrelated legislations in nigeria include. Development of nigeria s oil industry the advent of the oil industry can be traced back to 1908, when a german entity, the nigerian bitumen corporation, commenced exploration activities in the araromi area, west of nigeria. The technical and regulatory division of the ministry, which acts as regulator of the upstream sector of the oil and gas industry, will, it is proposed, be replaced by the nigerian petroleum inspectorate. Petroleum and natural gas, 1969 5 sr 869 saskatchewan regulation 869 under the mineral resources act petroleum and natural gas regulations under the mineral resources act part i title 1 these regulations may be cited as the petroleum and natural gas regulations, 1969. In exercise of the powers conferred by section 7 of the petroleum development act, 1974, the prime minister hereby makes the following regulations.
Existing bodies and companies to submit data, information and records. The most productive region of the nation is the coastal niger delta basin in the niger delta or southsouth region which encompasses 78 of the 159 oil fields. Pdf origin and occurrence of crude oil in the niger delta. Nigeria under the companies and allied matters act or any corresponding law. Copyright of shell companies in nigeria scin 2 disclaimer statement this presentation contains forwardlooking statements concerning the financial condition. Laws of the federation of nigeria petroleum act 1990. Most of nigerias oil fields are small and scattered, and as of. We should note that the governments joint venture relationship with the oil operators was rooted in the provision of the petroleum act 1969, particularly the protection of environmental rights of the entire niger delta oilproducing region. However, in the petroleum act 1969, provisions were made for participatory interest of. Petroleum, pollution and poverty in the niger delta index.
The most important of these decrees or acts include the petroleum act which was first promulgated in 1969, petroleum profits act 1959, nigeria liquefied natural gas lng act 1990, 1993, land use act 1976, oil pipelines act 1978, and the oil in navigable waters act 1979. Senate passes petroleum industry governance bill the. A test of the 1969 petroleum decree compliance dr mrs. The most important of these decrees or acts include the petroleum act which was first promulgated in 1969, petroleum profits act 1959, nigeria liquefied natural gas lng act 1990, 1993, land use act 1976, oil pipelines. History of the nigerian petroleum industry oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of exploration.
An act to make provision for licences to be granted for the establishment and maintenance of pipelines incidental and supplementary to oilfields and oil mining and for purposes ancillary to such pipelines. Afr 440172009 amnesty international june 2009 7 section i 1. These regulations may be cited as the petroleum regulations, 1974. An act to provide for the exploration of petroleum from the territorial waters and the continental. Fapohunda abstract the significant role of the oil industry in nigeria implies that if nigerians must participate fully in her oil industry, necessary technical human resources, which have been lacking. General nigerian content requirements nigeria lng home. University of technology, ogbomoso, oyo state, nigeria abstract the study empirically examines the effect of petroleum profit tax ppt on nigeria economy, in line with the objectives of this study, secondary data were obtained from central bank of nigeria statistical bulletin covering the period of 1970 to 2010. As impressive as the growth in nigerias production and export of crude oil might be, nigerias foreign trade record shows that petroleum products import out of national import has continued to rise over the years due to poor state of her refineries. Pdf the legal framework for the production of petroleum in nigeria. The pib is conceived as an omnibus bill that will repeal the petroleum act of 1969, as well as consolidate about 16 other petroleum industry laws into one single, transparent and coherent document. The latter act provided, amongst others, that the holder of an oil mining lease. Nigerian oil industry, including the constitution of nigeria 1999, land use act,4 petroleum act,5 associated gas reinjection act,6 environmental impact assessment act eia,7 oil pipelines act,8 petroleum act,9 hydrocarbon oil refineries act,10 harmful waste special criminal provisions act11 and petroleum drilling and production regula. General nigerian content requirements nigeria lng home page. Nigeria is a country endowed with abundant natural and material resources.
The nigerian senate thursday passed the petroleum industry governance bill, seventeen years after it was first introduced to the national assembly. Hydrocarbon oil refineries act 2004 laws of nigeria. The study empirically examines the effect of petroleum profit tax ppt on nigeria economy, in line with the objectives of this study, secondary data were obtained from central bank of nigeria statistical bulletin covering the period of 1970 to 2010. If the house of representatives concurs, it could be signed into law. Manufacturing was rudimentary and the oil sector was virtually nonexistent. Nigeria 1969 petroleum act natural resource governance. Construction and operation of a refinery shall be conducted under the direction of a manager appointed by a licensee.
Nigerias first refinery in port harcourt 60,000 bpd commissioned by shellbp 1966 elf started production in rivers state with 12,000 bd 1967 phillips drilled its first well dry at osari i phillips first oil discovery at gilligilli i 1968 mobil producing nigeria limited was formed. Acts and regulations department of petroleum resources. Ironically, it is the only country in this distinguished league without dependable oil refining capabilities. Nigerias fiscal regime, along with other aspects of governance arrangements, are currently too complex and add yet another layer of opacity to the sector. Other laws and regulations affecting petroleum profits taxation in nigeria babatunde ajani adeyemi, llb, bl, llm, is a lecturer at babcock university school of law and security studies and barrister and solicitor of the supreme court of nigeria. The petroleum industry bill 2012 pib seeks to ensure that the management and allocation of petroleum resources in nigeria and their derivatives are conducted in accordance with the principles of good governance, transparency and sustainable development in nigeria. Petroleum act chapter p10 chapter 350 lfn 1990 laws of the federation of nigeria arrangement of sections 1. An act to provide for the exploration of petroleum from the territorial waters and the continental shelf of. Public regulation of the oil and gas industry in nigeria. In terms of what a recommended royalty rate should be for nigeria, the focus should above all be on simplicity. Nigeria has a total of 159 oil fields and 1481 wells in operation according to the department of petroleum resources.
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