• New Guidelines on the Requirement of Ministerial Consent for the Assignment of Oil and Gas Leases in Nigeria
  • February 3, 2016
  • Law Firm: Advocaat Law Practice - Lagos Office
  • The extant petroleum laws in Nigeria charges the Minister for Petroleum with the responsibility of issuing licences and leases for the exploration and production of petroleum. Recent debate has however focused on the assignment of oil and gas Licenses and leases by holders of same to third parties and whether such assignments require ministerial consent for them to validly pass from the assignor to the assignee.