The PIA in practice: where companies still need clarity
A look at the areas of the Petroleum Industry Act that continue to challenge operators and investors.
Regulation
Practical support across Nigeria’s changing energy value chain
Nigeria’s oil and gas sector is in a period of deep change. The Petroleum Industry Act 2021 reset the rules for licensing, fiscal terms and host communities. International operators are divesting onshore and shallow-water assets, and indigenous companies are taking on larger roles.
Flowpond Concepts supports upstream producers, midstream gas businesses, refiners, marketers and service companies. We help them meet the expectations of the NUPRC and NMDPRA, finance growth, manage tax exposure and run operations with discipline as the energy transition gathers pace.
The Petroleum Industry Act 2021 created new regulators, licence types and fiscal arrangements. Companies are still working through conversions, host community trusts and new reporting duties. Getting the detail right protects both value and licence to operate.
We combine sector understanding with audit, tax, deals and consulting skills to help oil and gas businesses make confident decisions. Our teams work from the field to the boardroom.
Asset sales and acquisitions in Nigerian oil and gas carry technical, legal and fiscal complexity. We provide financial and tax due diligence, valuation and deal structuring for buyers, sellers and financiers.
We help you understand liabilities early and plan for a smooth transition of operations and people after completion.
A look at the areas of the Petroleum Industry Act that continue to challenge operators and investors.
Regulation
The financial, tax and operational issues buyers should test before committing to an onshore acquisition.
Deals
How sponsors can structure gas projects to attract lenders and secure reliable offtake.
Gas
What marketers and distributors can do to protect margins and working capital in a more open market.
Downstream
Key interactions between the 2025 tax reform Acts and PIA fiscal terms that companies should model now.
Tax
Why emissions and flaring disclosures are shaping access to capital, and how to get them right.
Sustainability
Explore the services oil and gas companies draw on most, from fiscal advice and deals to project delivery and assurance.
From asset deals to gas infrastructure, our oil and gas team can help you test the numbers, structure the opportunity and deliver it well.
Assessing liabilities and fiscal exposure for an indigenous buyer. [CLIENT TO CONFIRM: client and outcome]
Building a bankable financial model for lender review. [CLIENT TO CONFIRM: client and outcome]
Aligning licence obligations and host community reporting. [CLIENT TO CONFIRM: client and outcome]
![Portrait of [CLIENT TO CONFIRM: partner name]](/assets/logo/flowponds.svg){kind=logo}
Partner, Oil and gas
Director, Energy tax