Advanced Oil & Gas Law II

1. Explain the legal regimes governing oil and gas activities in Nigeria.
2. Analyze the impacts of oil pollution and compensation mechanisms.
3. Discuss financing arrangements for exploration and production.
4. Evaluate taxation and fiscal policies in the oil and gas sector.
5. Apply environmental laws and practices within the industry.
6. Understand the role of regulatory institutions.

13 weeks, about 30 hours in total. Yours will differ.

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

   • Unit 1: Impact of Oil Pollution in Nigeria · 2 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..

2. Week 2Module 1: Impacts of Oil Pollution and Compensation for Oil Spillage in Nigeria

   • Unit 2: Compensation for Oil Pollution Damage in Nigeria · 2 hours

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

3. Week 3Module 2: Exploration and Production: Financing Arrangements

   • Unit 1: Funding of Oil and Gas Exploration · 2 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..

4. Week 4Module 2: Exploration and Production: Financing Arrangements

   • Unit 2: Funding of Oil and Gas Development · 2 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..

5. Week 5Module 2: Exploration and Production: Financing Arrangements

   • Unit 3: Oil and Gas Financing Structure · 2 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..

6. Week 6Module 2: Exploration and Production: Financing Arrangements

   • Unit 4: Alternative Funding · 2 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..

7. Week 7Module 3: Taxation and Fiscal Regimes of Oil and Gas

   • Unit 1: Nature of Petroleum Profits Tax · 2 hours

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

8. Week 8Module 3: Taxation and Fiscal Regimes of Oil and Gas

   • Unit 2: Indirect Taxation · 2 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..

9. Week 9Module 3: Taxation and Fiscal Regimes of Oil and Gas

   • Unit 3: Taxation in the Joint Development Zone · 2 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..

10. Week 10Module 3: Taxation and Fiscal Regimes of Oil and Gas

    • Unit 4: Local Content Law · 2 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..

11. Week 11Module 4: Exploration and Production: Environmental Laws and Practices

    • Unit 1: General Environmental Law Legislation applicable to Oil and Gas in Nigeria · 2 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 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..

12. Week 12Module 4: Exploration and Production: Environmental Laws and Practices

    • Unit 3: Regulatory Institutions · 2 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 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..

13. Week 13Module 4: Exploration and Production: Environmental Laws and Practices

    • Unit 5: Trade in Crude Oil and Products · 2 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..