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During
the oil boom era of the 1970s, the firm
advised upon the establishment and operation
of upstream E & P companies, which were
deployed by multinational parent organizations
as corporate vehicles for entry into the
local producing Joint-Venture arrangements
with the Nigerian Government through the
Nigerian National Petroleum Corporation
(NNPC).
Over
the last two decades, by virtue of its representation
of additional multinational E & P corporations
offshore, the firm has assisted in the establishment
of a good number of local corporations involved
in lucrative modern Production Sharing Contract
arrangements with the Nigerian Government
and/or indigenous E & P companies geared
towards the exploitation and development
of the vast mineral oil deposits and gas
reserves located in the deep and shallow
offshore regions of the Niger-Delta basin
within the West African sub-region. The
firm continues to fully service the needs
of the multinationals and their local subsidiaries
and provide comprehensive legal representation
with regard to the full spectrum of corporate
activities and requirements both within
and outside Nigeria.
Service
Industry clientele include U.S, European
and Asian (particularly Japanese) corporations
conducting worldwide operations, specializing
in both upstream and downstream service
skills and disciplines.
New
areas of practice in which the firm is currently
making appreciable headway include upstream
Gas Liquefaction and/or Utilization Projects
(LNG, LPG, Methane, Butanisation, etc.),
the downstream Gas Supply and Distribution
arrangements, the Petroleum products marketing
sub-sector (downstream), which is currently
the subject of a detailed privatization
and/or commercialization arrangement being
conducted by the Nigerian Government and
the provision of specialist legal services
in connection with competitive (or selective)
bidding processes for the allocation of
fresh oil acreages in Nigeria's deep offshore/Exclusive
Economic Zone (EEZ).
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