Introduction
Section 95 PIA aptly titled “Assignments, Mergers, Transfers and Acquisitions” (hereafter, AMT&A transactions), provides the primary upstream regulatory framework for the above subject, and is the core focus of this article. Reflective of the evolution of upstream AMT&A transactions since Nigeria became an oil producing country in the early 1960s, a pertinent question is how, and has the PIA improved on, the erstwhile regime under the Petroleum Act¹ ?PA??
-and-Limited-partnerships-(LPs).jpg)
