Nigeria remains ranked in the unit digit of the leading oil & gas producers in the world with the sector providing not less than 90% of its earnings.
However, in the last few years, the prices of oil have dropped sharply with the resultant effect on both the national economy and the operation of stakeholders in the industry.
On the other hand, the development of the energy sector has been a focal point by successive administrations in Nigeria and it does appear that there is still room for progress to be made in the sector. Recently, successive governments have built power plants and appointed distribution companies for power supply.
This subdivision of our firm is set up to offer valuable support services to both the oil & gas and power sectors.
We have a dedicated team in this speciality with a wide range of experience in managing and advising clients operating across the full spectrum of energy as well as oil & gas, especially on the following legal issues:
– Oil swap contracts
– Advisory support services on power plants & distribution
– Insurance & Reinsurance
– Local Content Act
– Regulatory compliance
– Disputes resolution
– Legal assistance with the acquisition of refineries, etc.
Mr Femi Atoyebi (SAN) leads the team in the Energy department; he is assisted by Mr Ayo Olorunfemi. For more information on our Energy expertise, please contact Mr Obatayo Aina or Ms Adedolapo Aromire.