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PUL822Law3 Unitsintermediate

Advanced Oil & Gas Law II

This course delves into the legal aspects of oil and gas, focusing on the Nigerian context. It explores the impacts of oil pollution, compensation mechanisms for oil spillage, and the legal regimes governing oil and gas activities. The course also examines financing arrangements for exploration and production, taxation and fiscal policies, and the application of environmental laws and practices within the industry. Students will gain a comprehensive understanding of the legal and regulatory landscape of the oil and gas sector in Nigeria.

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40h

Study Time

13

Weeks

3h

Per Week

basic

Math Level

Course Keywords

Oil and Gas LawOil PollutionTaxationEnvironmental LawNigeria

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

➕

Math Level

Basic Math

📖

Learning Type

Theoretical Focus

Course Topics

Key areas covered in this course

1

Oil Pollution and Compensation

2

Financing Arrangements

3

Petroleum Profits Tax

4

Indirect Taxation

5

Joint Development Zone Taxation

6

Local Content Law

7

Environmental Law Legislation

8

Petroleum Industry Bill

9

Regulatory Institutions

10

Decommissioning

11

Crude Oil Trade

Total Topics11 topics

Requirements

Knowledge and skills recommended for success

Basic knowledge of Nigerian legal system

Understanding of environmental issues

💡 Don't have all requirements? Don't worry! Many students successfully complete this course with basic preparation and dedication.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assessments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Legal Advisor

Apply your skills in this growing field

Compliance Officer

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Contract Negotiator

Apply your skills in this growing field

Environmental Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

Oil and Gas ExplorationPetroleum RefiningEnergy LawEnvironmental RegulationGovernment Policy

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Impacts of Oil Pollution and Compensation for Oil Spillage in Nigeria

2h

Unit 1: Impact of Oil Pollution in Nigeria

2 study hours

•Define oil spills and pollution.
•Analyze the impacts of oil pollution on the environment.
•Explain the general effects of oil pollution, focusing on water bodies and marine life.

Week

2

Module 1: Impacts of Oil Pollution and Compensation for Oil Spillage in Nigeria

2h

Unit 2: Compensation for Oil Pollution Damage in Nigeria

2 study hours

•Discuss compensation principles in Nigeria.
•Analyze compensation methods.
•Explain the Legal Framework on Compensation, including the Oil Pipelines Act.

Week

3

Module 2: Exploration and Production: Financing Arrangements

2h

Unit 1: Funding of Oil and Gas Exploration

2 study hours

•Discuss how sectors of the petroleum industry are financed.
•Explain how oil and gas exploration is funded through private equity.
•Understand the role of investors and equity issuance.

Week

4

Module 2: Exploration and Production: Financing Arrangements

2h

Unit 2: Funding of Oil and Gas Development

2 study hours

•Explain the main features of Reserve-Based Lending (RBL).
•Understand the requirements of banks for RBL.
•Analyze the role of commercial banks in providing funds for capital expenditure.

Week

5

Module 2: Exploration and Production: Financing Arrangements

2h

Unit 3: Oil and Gas Financing Structure

2 study hours

•Discuss the funding structure of the oil and gas industry in Nigeria.
•Analyze the challenges associated with the financing structure in the upstream sector.
•Explore solutions to these challenges, including switching from public-private partnerships to private-public partnerships.

Week

6

Module 2: Exploration and Production: Financing Arrangements

2h

Unit 4: Alternative Funding

2 study hours

•Discuss alternative funding options, including expansion financing and refinancing.
•Explain the terms 'refinancing' and 'expansion financing.'
•Compare and contrast these aspects of alternative funding.

Week

7

Module 3: Taxation and Fiscal Regimes of Oil and Gas

2h

Unit 1: Nature of Petroleum Profits Tax

2 study hours

•Identify and explain petroleum profit tax.
•Discuss its applicability to the petroleum industry in Nigeria.
•Understand the objectives of petroleum taxation in Nigeria.

Week

8

Module 3: Taxation and Fiscal Regimes of Oil and Gas

2h

Unit 2: Indirect Taxation

2 study hours

•Discuss the nature of indirect taxes in Nigeria.
•Explain the types of indirect tax, including Value Added Tax (VAT).
•Differentiate indirect tax from the petroleum profits tax.

Week

9

Module 3: Taxation and Fiscal Regimes of Oil and Gas

2h

Unit 3: Taxation in the Joint Development Zone

2 study hours

•Discuss taxation within defined joint development zones.
•Explain the term 'zone' and its relevance to the treaty.
•Understand the taxation regime under the Nigeria/Sao Tome and Principe Joint Development Zone (JDZ) treaty.

Week

10

Module 3: Taxation and Fiscal Regimes of Oil and Gas

2h

Unit 4: Local Content Law

2 study hours

•Discuss the Nigerian Oil and Gas Industry Content Development (NOGICD) Act, 2010.
•Explain the prospects of local content development in the oil and gas industry.
•Discuss the challenges to the development of local content in Nigeria.

Week

11

Module 4: Exploration and Production: Environmental Laws and Practices

4h

Unit 1: General Environmental Law Legislation applicable to Oil and Gas in Nigeria

2 study hours

•Discuss the key general environmental laws applicable to the oil and gas sector.
•Explain these laws in relation to exploration and production in Nigeria.
•Understand the role of the Petroleum Act 1969 and its regulations.

Unit 2: The Petroleum Industry Bill

2 study hours

•Discuss the purport of the PI Act.
•Analyze how it will revolutionize the Nigerian oil and gas industry in the future.
•Explain the term 'bond' in the context of the PI Act.

Week

12

Module 4: Exploration and Production: Environmental Laws and Practices

4h

Unit 3: Regulatory Institutions

2 study hours

•Discuss the oil and gas regulatory institutions in Nigeria.
•Evaluate the Department of Petroleum Resources (DPR).
•Understand the roles of the Federal Ministry of Environment, NNPC, and NOSDRA.

Unit 4: Decommissioning of Oil and Gas Platforms and Facilities

2 study hours

•Explain decommissioning in Nigeria.
•Discuss the legislative framework for decommissioning in Nigeria.
•Understand the process of removing, disposing, or abandoning obsolete oil exploration facilities.

Week

13

Module 4: Exploration and Production: Environmental Laws and Practices

2h

Unit 5: Trade in Crude Oil and Products

2 study hours

•Discuss the trade, marketing, distribution, and pricing of oil and gas products in Nigeria.
•Demonstrate knowledge of the same.
•Analyze the importation of crude oil in Nigeria.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create concept maps linking Module 1 and 4 environmental regulations to practical pollution scenarios.

2

Practice applying PPTA provisions from Module 3 to hypothetical oil company financial statements.

3

Review key definitions from Units 1-3 in Module 2 (financing) weekly.

4

Summarize the main points of each unit in your own words after studying it.

5

Focus on understanding the differences between the various regulatory bodies discussed in Unit 3 of Module 4.

6

Prioritize studying past exam questions and model answers.

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