Introduction
On 14 September 2026, the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC” or the “Commission”) issued a Circular notifying holders of Petroleum Prospecting Licences (“PPLs”) awarded under the 2020 Marginal Field Bid Round, the 2022/2023 Mini Bid Round and the 2024 Licensing Round of its intention to enforce the “Drill‑or‑Drop” provisions of the Petroleum Industry Act 2021 (“PIA”).
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Introduction On 6 August 2026, the President of the Federal Republic of Nigeria signed the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order,
The Nigerian Upstream Petroleum Regulatory Commission (the “Commission”) has issued the Nigeria Upstream Decommissioning and Abandonment Regulations, 2026 (the “2026 Regulations”), repealing the Nigerian Upstream
Tope Adebayo LP is a law firm registered under the Laws of the Federal Republic of Nigeria as a Limited Partnership to carry on the business of Legal Practice and Consultancy.
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