The Nigerian Production Sharing Contract: An Overview

The Production Sharing Contract (PSC) was widely introduced in 1993 to address some of the issues faced by the Joint Operating Agreement (JOA) and...

The Evolution Of Upstream Contracts In The Nigerian Oil And Gas Industry

Nigeria’s oil industry has always struggled with the challenge of devising appropriate legal regimes and fiscal policies aimed at maintaining the balance between meeting...

Protecting The Interests Of Parties To A Production Sharing Contract: A Look At Stabilisation...

According to Taverne, the production sharing contract (PSC) is the oldest form of risk contract and has been utilised within the petroleum industry for...

An Introduction To Joint Operating Agreements – Part 2

Non Operators The non operators are active investors who, through the Op-com, exercise overall control and supervise the joint operations of the parties. The major...

An Introduction To Joint Operating Agreements – Part 1

It is a well known fact that economic activities such as oil and gas exploration are fraught with high costs and extreme risks. Thus,...

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