ABSTRACT
“In
an age of global competition the role of companies and especially multinational
corporations has been to maximize profits and performances. The role of states
on the contrary has been to maximize the well being of their citizens” A.M. KLOM. The ownership of energy
resources found in Nigeria such as crude oil, gas etc is vested in the Federal
Government of Nigeria and the government reserves to itself the power to make
grants for the exploration of such petroleum and mineral resources through its
agency known as the Nigerian National Petroleum Corporation (NNPC).
To
this end, NNPC has at one time or the other entered into one type of
Contractual Relationships/Arrangements or the other with multinational
corporations with a view to securing the well being of Nigerians. This work aims at examining the nature
and types of such contractual arrangements that NNPC has entered into over the
years. Sadly, such grants or relationships have not impacted positively as
expected on the country’s economy and the well being of the citizens. It is
against this background that I chose to write on this topic in order to proffer
a better legal framework and guidelines to govern the obligations of parties to
such contractual relationships/arrangements and help advance the Nigerian
petroleum sector.
Chapter
one of this work will focuses on Background of the Study, Statement of the
Problem, Research Questions, Objectives of the Study, Methodology, Relevance of
the long essay, Scope of the study and finally the Limitation.
Chapter
two will centre on the Contractual Relationships/ Arrangements for exploration
and exploitation, and production of petroleum products with special focus on Licenses,
Leases and Arrangements like Production Sharing Contract, Joint Venture Agreement
etc.
Chapter
three will focus on the influence of international law on the Nigeria legislation on its natural resources while chapter four will examine the
impacts of the contractual arrangements on the Nigerian economy with emphasis on
areas where the interest of the parties diverge, the 2008 Oil and Gas
Industry Reform Bill and Challenges
facing the sector.
Chapter
five will be the observations, conclusion and recommendations. In executing
this topic, materials will be sourced from practical experience, textbooks and
articles and through the internet. I hope this work will be a reference point
for NNPC and in meeting their obligations under their various agreements and
will also be a kind of recommendation to policy markers with a view to taking
Nigeria’s Petroleum sector to the next level.
Click on the related links below and read more.
We can keep you updated on this information, please Subscribe for Free by entering your email address in the space provided.
Do you like this article? Share this article