Legislative Framework for Oil Operations in Nigeria
Oil industry is the mainstream of Nigeria’s economy, constituting 92 % of her export earnings and 89% of federal revenue. Oil is produced in the Niger Delta in southern Nigeria. The area is the largest wetland in Africa and third largest in the world. It is in the mangrove rain forest belt with very volatile and delicate ecology.
This report is to highlight the legal requirements and framework for oil production in Nigeria, with greater emphasis on obligations of oil companies to run sound oil field practice maintain the environment and support sustainable development.