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Nigeria plans contract reforms in bid to cut upstream costs
Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future.
Updated: 10/02/2021, 9:57 am
Launching NUCOP
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Nigeria has launched an exercise to cut upstream production costs, with an eye on securing the country’s energy future.
Industry bigwigs attended the launch of the Nigerian Upstream Cost Optimisation Programme (NUCOP) on February 9. At the heart of the push was a focus on reducing operating expenditure.
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The Oil and Gas sector serves as a major source of revenue in
Nigeria. Any person intending to start an oil and gas business in
Nigeria must comply with the certain legal requirements. This
write-up will give a breakdown of the step by step procedure
necessary to set up oil and gas business in Nigeria.
The following steps must be followed to start an oil and gas
company in Nigeria:
Registration of Company
Registration at Corporate Affairs Commission
This applies to all businesses owned by nationals, foreigners or