Examining local content law and policy in the oil and gas industry, this book uses Nigeria as a primary case study, comparing its approach to countries such as Brazil and Norway which have also adopted local content laws in relation to their gas and oil industries. In considering various aspects of local content law and policy as they apply to the oil and gas industry, the book examines the factors behind the formulation of local content policies by petroleum producing states, and the various strategies they have employed to implement them. It analyses arguments against local content requirements from the perspective of international trade and investment law, and from liberal market economic theorists, who argue against its overall usefulness. The book highlights salient aspects of the oil and gas industry such as regulation, national oil companies, treatment of minorities, and policy formulation and implementation.

Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.

As an oil and gas province, Africa is clearly a region of growing importance. This book discusses the opportunities and challenges. Chapters describe the production sharing contract (PSC) and economic terms governing regional exploration and production activity. The book also covers financing, M&A, valuation, local content, state participation, security and decommissioning issues in an African context. Additional chapters deal with OHADA - an attempt to harmonise business laws across 17 countries in West and Central Africa - and natural gas and LNG projects.

This book explores local content policies and their role in natural resource management within the realm of energy justice. Based on several country case studies it discusses the role of regional integration for such policies in Sub-Saharan Africa. Energy justice has been widely applied across different aspects of development, but here the principles of justice are specifically integrated with the management and implementation of oil and gas projects. Such an analysis offers novel means of implementing policies in local regions, moving away from a one-size fits all approach that leads to the ineffective transplantation of policies from developed economies to developing Sub-Saharan economies. The book argues that with a regional approach, Sub-Saharan Africa can leverage natural resources, industrial parks, supplier clusters, regional financing mechanisms and regional training facilities which would drive down the costs of production, increase efficiency and integrate the local Sub-Saharan population into the oil and gas industry. This would result in the benefits as well as the environmental concerns and responsibilities intrinsic to these industries, being spread more equally amongst local and none local stakeholders. This book will be a valuable resource for scholars and students as well as policy makers and practitioners in the areas of extractive industry-related disciplines energy governance, and economic development in Africa.

This edition combines two previous publications: Oil and Gas in Africa: A Legal and Commercial Analysis of the Upstream Industry and African Upstream Oil and Gas: A Practical Guide to the Law and Regulation, both published by Globe Law and Business in 2015, and has two central elements. First, it discusses the opportunities and challenges found in topical issues. For example, chapters describe the production sharing contract (PSC) and economic terms governing regional exploration and production activity; and although PSCs are not an exclusive host government instrument, they are of growing importance for countries looking for greater control over and societal benefits from petroleum production. The book also covers OHADA, financing, M&A, security and decommissioning issues in an African context, and new chapters explore natural gas and ESG. Secondly, the book covers a country-by-country analysis of African oil and gas, detailing the oil and gas frameworks and key issues in countries such as Algeria, Angola, Republic of Congo, Egypt, Equatorial Guinea, Gabon, Ghana, Libya, Mauritania, Nigeria, Senegal, South Africa, Tanzania, Tunisia and Uganda. Topics addressed include the petroleum laws, the types of legal arrangement in place, the fiscal terms, the acquisition of acreage, governing law, dispute resolution mechanisms and governmental control. This comprehensive edition features contributions from various leading experts in the industry, including from ministries of petroleum, national oil companies, international oil companies, law firms and consultancies. It will be of benefit to all industry participants and advisers pursuing oil and gas opportunities across the continent.