The Petroleum Industry Act, 2021 Is Here. What’s in For Marginal Field Operators?

11 Pages Posted: 30 Nov 2021

Date Written: November 29, 2021

Abstract

This paper provides a thorough exegesis of the regulatory frameworks affecting marginal field operations in Nigeria in light with the recent overhauling occasioned by the enactment of the Petroleum Industry Act, 2021.
Through a historical comparative appraisal, it evaluates the faring of marginal field operators in Nigeria prior to the enactment of the Petroleum Industry Act, 2021 while juxtaposing same with the extant positions under the Petroleum Industry Act, 2021. Ultimately, it critiques the legal regime as a catalyst for the problems encountered in the sub-sector while ensuring that timely and relevant recommendations are made to the effect of improving marginal field operations in Nigeria given its endearing potentials.

Keywords: Marginal Field Operations, Petroleum Industry, Production, License, Lease

Suggested Citation

Ebere, Frankline Chisom, The Petroleum Industry Act, 2021 Is Here. What’s in For Marginal Field Operators? (November 29, 2021). Available at SSRN: https://ssrn.com/abstract=3974184 or http://dx.doi.org/10.2139/ssrn.3974184

Frankline Chisom Ebere (Contact Author)

Ahmadu Bello University, Zaria ( email )

P.M.B. 1044
Samaru
Zaria, WY Kaduna State 810107
Nigeria

HOME PAGE: http://abu.edu.ng

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