Insights, Energy & Natural Resources, Oil and Gas

Assignments Under the Petroleum Industry Act: Investor Considerations from Upstream to Downstream Part 2

In Part 1 of this article series, we examined the regulatory framework governing the assignment of interests in Nigeria’s upstream oil and gas sector under the Petroleum Industry Act (PIA). We highlighted the types of transactions that require ministerial consent, those that do not, the fees involved, and the consequences for non-compliance.

A solid understanding of these requirements enables investors to structure transactions that are commercially sound, legally compliant, and aligned with long-term strategic objectives.

In this second part, we focus on the regulatory framework for assignments in the midstream and downstream sectors and conclude with a comparative analysis of how the rules differ across the upstream and midstream/downstream segments.

To read the full article, kindly download the PDF

Aderemi Ogunbanjo

Partner

Sandra Osinachi-Nwandem

Senior Associate

Olawunmi Abiola

Associate

Eyitayo Ajisafe

Associate

Oluwanifemi Alade

Trainee Associate

Practice Key Contacts

More To Read

08/12/2025
The Doctrine of Competence-Competence in the Evolving Landscape of Arbitration

Introduction Arbitration has long been recognized as the preferred dispute resolution mechanism in international commerce. Parties from different legal systems often turn to it because

05/12/2025
Assignments Under the Petroleum Industry Act: Investor Considerations from Upstream to Downstream PART 1

Over the years, Nigeria’s oil and gas industry has experienced a wave of divestments, as several international oil companies step back from certain assets, creating