To what extent would the Nigerian content law improves capacity build in the oil and gas industry?

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Table of Contents

Abstract:vi

CHAPTER 1: INTRODUCTION1

CHAPTER 2: THE NIGERIAN CONTENT LAW8

2.1 History of the Local Content Policy in Nigeria8

2.2 The Local Content in Substantive Law9

2.2.1 Petroleum Act 196910

2.2.2 Regulation 26 Petroleum (Drilling and Production)12

2.2.3 Nigerian Oil and Gas Industry Content Development Act 201013

2.2.4 Petroleum Industry14

2.3 Overview of the Nigerian Content Act14

2.4 Goals of the Nigerian Content15

2.5 Key Provisions in the Nigerian Content Law18

CHAPTER 3: IS THE NIGERIAN CONTENT LAW COMPATIBLE WITH INTERNATIONAL TRADE POLICIES20

3.1 International Trade Law30

3.1.1. Bilateral Investment Treaties32

3.1.2 World Trade Organization34

3.1.3 The Procurement Act 200736

3.2 Interface of the Nigerian Content law and International Trade Policies37

CHAPTER 4: THE NIGERIAN CONTENT LAW AND BUILDING LOCAL CAPACITY44

4.1 Challenges and obstacles to building capacity45

4.2 Challenges and obstacles in fabrication projects47

4.3 International Finance Corporation Guidelines56

4.4 Nigerian Content Law and Training58

CHAPTER 5: IMPLICATIONS IN OTHER COUNTRIES64

5.1: Indonesia64

5.2 Brazil64

References71

Abstract:

In this study we try to explore the concept of “Content Law's impact on Oil and Gas” in a holistic context. The main focus of the research is on “Content Law's impact on Oil and Gas” and its relation with “Syria”. The research also analyzes many aspects of “Content Law's impact on Oil and Gas” and tries to gauge its effect on “Syria”. The methodology covers the research design and data collection tools regarding the “Content Law's impact on Oil and Gas”. Results were based on the data being analyzed in methodology. Finally the research describes various factors which are responsible for “Content Law's impact on Oil and Gas” and tries to describe the overall effect of “Content Law's impact on Oil and Gas” on “Nigeria”. The paper concludes by mentioning the implications and future aspects regarding “Content Law's impact on Oil and Gas”.

CHAPTER 1: INTRODUCTION

Any attempt to analyze Nigeria's national oil company, the Nigerian National Petroleum Corporation (NNPC), must first confront the question of what it really is. Despite its formal organization as a vertically-integrated oil company, NNPC is neither a real commercial entity nor a meaningful oil operator. It lacks control over the revenue it generates and thus is unable to set its own strategy. It relies on other firms to perform essentially all of the most complex functions that are hallmarks of operating oil companies. Yet unlike some NCOs it also fails to fit the profile of a government agency: Its portfolio of activities is too diverse, incoherent, and beyond the reach of ...