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, provision of energy has been a focal point by successive administrations in Nigeria and it does appear that there is still room for progress has been made in the sector.
Recently, government has 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 specialty with a wide range of experience in managing and advising clients operating across the full spectrum of the 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 acquisition of refineries, etc.
This department is headed by Rotimi Oduba with Mr. Femi Atoyebi (SAN) performing supervisory role in the department.