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The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?

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09 November 2021

The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?

Report summary

On 28 October 2021, Wood Mackenzie presented our analysis of the PIA fiscal terms. The PIA sets the fiscal terms for Nigeria's upstream sector through the energy transition years. After a tumultuous 18 months, legislators decided that more radical surgery was needed to save Nigeria from a bleak future of upstream decline. What they have delivered is both remarkable and necessary. As well as the webinar recording, the slide pack and a transcript of the Q&A are available for download

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This report contains:

  • Document

    The Petroleum Industry Act A Gamechanger For Nigeria.pdf

    PDF 1.59 MB

  • Document

    Nigeria PIA Webinar Questions And Answers.pdf

    PDF 623.31 KB