The petroleum industry governance bill the petroleum industry governance bill the bill is the first in a series of long awaited petroleum industry laws designed to reform the nigerian oil and gas industry. Report the environmental guidelines and standards for the petroleum industry in nigeria egaspin 2002 please fill this form, we will try to respond as soon as possible. Originally introduced in december 2008, the bill has undergone numerous revisions and has been the subject of intense debate. Environmental risk assessment of petroleum industry in nigeria. Such a nation must choose whether to allow the current gen. Pdf purpose this chapter examines the socioeconomic and political challenges facing nigerias oilproducing sector. Laws of the federation of nigeria petroleum act 1990. Prior to 1965, domestic requirements of petroleum products were met entirely through importation under a deregulated environment and completely in the hands of the private sector kupolokun, 2004. Over the past fifteen years the nigerian petroleum industry has grown by leaps and bounds. Public regulation of the oil and gas industry in nigeria ggu law. Environmental issues, national environmental legislation and implementation of international environmental law aniefiok e. The impact of oil on nigerias economic policy formulation by biodun adedipe, ph. The key objectives of the bill as stated in part 1 of the pib are. Pdf nigeria is largely dependent on its crude oil and natural gas resources, as a consequence, the economy is vulnerable to oil price.
However, the organisation of petroleum exporting countries opec resolutions 1960 and 1971 ushered a significant change in the ownership structure of the entire petroleum industry in nigeria. Why has nigerias remarkable oil wealth has done so. After years of delay, the senate on thursday passed the petroleum industry governance bill, inching closer to regulatory and business reforms in the nations oil and gas industry. The petroleum industry bill the pib or the bill is perhaps the most talked about piece of legislation in nigeria ever, given the far reaching reforms which it proposes to an industry which is the single most significant contributor to the national economy. Gabrich global is pleased to bring to you the history of the nigerian petroleum industry this week. The key environmental issues in the niger delta of nigeria relate to its petroleum industry. As at 20, nigerias proven oil reserves were estimated by the united states energy information administration eia at between. This dominant role has pushed agriculture, the traditional mainstay of the economy, from the early fifties and sixties, to the background.
Pdf green concepts and sustainability in the nigerian. May 03, 2015 gabrich global is pleased to bring to you the history of the nigerian petroleum industry this week. Since the 1960s till date, the nigerian oil and gas industry have continued to. It has the largest acreage in the country from which it produces some 39 per cent of the nations oil. Petroleum production and export play a dominant role in nigeria s economy and account for about 90% of her gross earnings. However the lack of a gas infrastructure, means that about 75% of associated gas is flared and only 12% reinjected. An analysis of the nigerian petroleum industry bill 2012. Thus, the petroleum act 1969 and the petroleum drilling and production regulations of 1969 and, the environmental guidelines and standards for the petroleum industry in nigeria egaspin was.
Pdf future of nigerias petroleum industry in view of global. This sector accounts for more than 80% of foreign exchange revenue, but contributes less than 20% to the nations gross domestic product gdp. Nigerian content policy in the oil and gas industry search wikileaks. Policy recognizes that nigeria mustdevelop a petroleum industry where the value added in oil stream is realized, combined with a move towards a gas. Environment, risk assessment, petroleum industry, nigeria 1. Nigeria is the largest oil and gas producer in africa. Oil was discovered in nigeria in 1956 at oloibiri in the niger delta after half a century of. Green concepts and sustainability in the nigerian petroleum. Dynamics, controversies and wayforward ppt presentation pack of the main paper.
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. Nigeria petroleum assets management company and national petroleum company, would be established with. It has the largest acreage in the country from which it produces some 39 per cent of the nations oil the companys operations are concentrated in the niger delta and adjoining shallow offshore areas where it operates in an oil mining lease area of around 31,000 square kilometres. Canada is reputed to have one of the best oil and gas tax regimes in the world. The case for publishing petroleum contracts in nigeria. Nigeria joined the ranks of oil producers in 1958 when its first oil field came on stream producing 5,100 bpd. The sixth part will conclude the analysis, where the inherent weaknesses of the aforementioned laws and regulations will be brought to. The carelessness of the oil industry has also precipitated this situation, which can perhaps be best encapsulated by a 1983 report issued by the nnpc, long before popular unrest surfaced we witnessed the slow poisoning of the waters of this country. The positive and negative contribution of petroleum to nigerian economy can be quite obvious. The petroleum industry governance bill kpmg nigeria. The fifth section will highlight the recent developments in the oil and gas industry, such as the petroleum industry bill and the local content act. Most of nigeria s oil fields are small and scattered, and as of. It has had disastrous impacts on the environment in the region and has adversely affected people inhabiting that region.
The following regulatory documents being launched at the 18th international hse conference on the oil and gas industry in nigeria. Apart from the loss of petroleumderived revenue to corruption and. The pib is an executive bill for an act to provide for the establishment of a legal, fiscal and regulatory framework for the petroleum industry in nigeria and for related matters. This sector accounts for more than 80% of foreign exchange revenue, but contributes less than 20% to the nations gross. 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. Click download or read online button to law and petroleum industry in nigeria book pdf for free. This is the passage of the first fragment of the comprehensive petroleum industry bill pib, which was broken into parts to. Environmental guidelines and standards for the petroleum industry in nigeria egaspin as one of its statutory functions, the department of petroleum resources is required to ensure that petroleum industry operators do not degrade the environment in the course of their operations. Advances in the development of petroleum resources has contributed enormously to the global energy demand and economic development over the past decades, however, it has left profound negative impacts on the natural environment and adverse human health effects in most oilproducing host communities around the world. Other companies active in nigerias oil and natural gas industry are addax petroleum, statoil, and several.
Given that problems of petroleum sector governance are. Sep 15, 2017 report the environmental guidelines and standards for the petroleum industry in nigeria egaspin 2002 please fill this form, we will try to respond as soon as possible. Analysis of safety and environmental regulations for. The carelessness of the oil industry has also precipitated this situation, which can perhaps be best encapsulated by a 1983 report issued by the nnpc, long before popular unrest surfaced. The petroleum industry laws applicable to safety and environmental protection within the context of downstream operations are. Retained a create efficient and effective governing institutions with clear and separate roles for the petroleum industry. Download law and petroleum industry in nigeria ebook pdf or read online books in pdf, epub, and mobi format.
National oil spill detection and response agency nosdra act 15 of 2006. This thesis argues that certain tax measures in canadas oil and gas industry have considerable potential for addressing certain industry. At the same time, nigeria pays a high price for the oil. Publishing them creates space for muchneeded public scrutiny of deals that can be worth billions of dollars to the people of nigeria. The bill is the first in a series of long awaited petroleum industry laws designed to reform the nigerian oil and gas industry.
Positive and negative contribution of petroleum to. In 2015, petroleum refined domestically made up little more than 5 per cent of the petroleum products consumed in the country. An assessment of the distribution of petroleum products in. Diversifying nigerias petroleum industry academic journals. This section applies to all land including land covered by water which is in nigeria. This paper examines existing literature on green marketing and green consumerism with focus on issues of environmental sustainability in the petroleum industry. 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. It seeks to create an understanding of nigerias oil industry using infographics as the medium of visual communication to. Petroleum industry governance bill 2017 15 republic of nigeria part i objectives retained 1. Shell petroleum development company spdc is the pioneer and leader of the petroleum industry in nigeria. Senate passes petroleum industry bill, pib vanguard news.
The oil and gas industry have been the pivot on which the nigerian economy has depended for decades. Positive and negative contribution of petroleum to nigerian. An appraisal of oil and gas industry reform and institutional restructuring in nigeria by wumi iledare prologue a nation or province endowed with petroleum resources such as nigeria must endeavor to produce its recoverable petroleum reserves optimally. The case for publishing petroleum contracts in nigeria rob pitman and anne chinweze petroleum contracts are fundamental documents that set out the legal framework for oil and gas projects. If the house of representatives concurs, it could be signed into law. Retained b establish a framework for the creation of. Public regulation of the oil and gas industry in nigeria. Political economy of the petroleum sector in nigeria. The discovery was made by shellbp, at the time the sole concessionaire. Nigeria has a total of 159 oil fields and 1481 wells in operation according to the department of petroleum resources. Diversifying nigerias petroleum industry request pdf.
Legal framework of the nigerian petroleum industry. Several stakeholders in nigerias oil and gas industry have emphasized the need for petroleum sector reforms in nigeria. An appraisal of oil and gas industry reform and institutional. Request pdf diversifying nigerias petroleum industry the petroleum industry in nigeria has brought unprecedented changes to the nigerian economy, particularly in the past five decades when it. Oil and gas accounting in the nigerian petroleum industry. In any case, for many oil industry observers in nigeria, the main feature for the entire oil and gas sector reforms is the restructuring of the nigerian national. Nigerias oil industry communicating the basics oil revenue tracking initiative interim report march april, 20 this report focuses on the first theme of the oil revenue tracking initiative. This paper uses a political economy perspective to analyze the governance weaknesses along the petroleum sector value chain and attempts to establish the links between challenges in sector regulation and the following major political and economic attributes. The relatively slow pace of nigerias development has often been attributed to the phenomenon of the resource curse whereby the nature of the state as a rentier dilutes accountability for development and political actors are able to manipulate institutions to sustain poor governance. In 2015, petroleum refined domestically made up little more than 5 per cent of.
Both production and exports have increased enormously since. In spite of the huge revenue accruing from sales of oil and gas. Pdf oil and gas accounting in the nigerian petroleum industry. The paper also offers suggestions for improvement of the overall management of downstream sector of the petroleum resources. Preamble the oil and gas industry have been the pivot on which the nigerian economy has depended for decades. For example, the petroleum decree now act was enacted by the military. Download pdf law and petroleum industry in nigeria free. Adedipe associates limited, victoria island, lagos, nigeria. The nigerian petroleum industry in the last two decades, petroleum industry has occupied. 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. The national petroleum policy npp kpmg international. Crude oil, natural gas reserve, minerals, environmental effect, export diversification. Petroleum production and export play a dominant role in nigerias economy and account for about 90% of her gross earnings.
1425 322 1526 128 505 51 1558 956 961 1129 704 71 916 49 1189 1426 1366 1134 775 1253 888 687 1070 450 746 1223 198 325 1265