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The Petroleum Act 1969

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

Data and Resources

Additional Info

Field Value
Sector Oil and Gas
Country Nigeria
Year
RGI Edition Year 2021
Topic Contract transparency and monitoring, Licensing and negotiation, Mandatory payment disclosure, Measurement of environmental and social impacts, Open data, Tax policy and revenue collection
Document Type PDF
RGI Sub-component
RGI Questions 1.1b: Who is the licensing authority (i.e. who has the authority to grant exploration and extraction rights to companies)?,
1.1c: What licensing process does the licensing authority follow?,
1.1.3a: Is the government required to set pre-defined criteria by which companies become qualified to participate in a licensing process?,
1.1.3b: Prior to each licensing process, is the licensing authority required to disclose a list of biddable terms or negotiable terms?,
1.1.3c: Prior to each license process, is the licensing authority required to disclose the rules governing the licensing process, such as auction or negotiation rules?,
1.1.2b: Is the publicly available registry of licenses/contracts available online, offline or in paper?,
1.2.5b: Do rules specify the royalty rate(s) applying to extractive companies?,
1.3.5b: Are there rules governing rehabilitation and closure of extractive projects?
Did this document contribute to RGI scoring? Used for scoring
Are the RGI questions here tagged with law and/or practice Law and
Practice (Both)
Publisher
Author
Source or API link https://ngfcp.dpr.gov.ng/media/1070/petroleum-act.pdf
Maintainer Natural Resource Governance Institute
Maintainer Email Natural Resource Governance Institute