New Nigerian guidelines for oil and gas deals

摘要

In late 2014, the Nigerian Ministry of Petroleum Resources (MPR) published guidelines for the approval of oil and gas transactions, writes Tim Sumner, Senior Associate and Adam Dann, Partner and Head of Finance, Berwin Leighton Paisner The guidelines seek to extend the MPR's jurisdiction to cover not only transfers of interests in Nigerian oil and gas assets or companies, but also the following types of transactions where they directly or indirectly involve Nigerian oil and gas assets. (These types of transactions are affected even where they take place outside of Nigeria, but involve companies which directly or indirectly hold oil and gas assets in Nigeria, irrespective of other assets held.)