Advising on complex energy transactions & local policies
Nigeria\'s energy sector is undergoing massive shifts with the implementation of the Petroleum Industry Act (PIA) and structural changes in power generation and transmission. Medina Law Associates & Co. stands at the forefront of these transitions, providing highly strategic, specialist advisory to local and international stakeholders.
We assist clients across oil and gas exploration, joint venture structuring, power purchase agreements (PPAs), solid minerals concessions, and gas-to-power structures. Our deep-seated understanding of regulatory bodies, including the NUPRC, NMDPRA, and NERC, ensures your compliance and transaction speed.
Oil & Gas Transactions
We guide exploration and production firms, as well as oil service companies, through complex negotiations, asset acquisitions, Joint Operating Agreements (JOAs), farm-in contracts, and environmental regulatory filings.
Renewable Energy & Power
Our firm supports solar grid developers, off-grid IPP players, and hybrid operators in securing generation and distribution licenses, negotiating Power Purchase Agreements (PPAs), and achieving local compliance.
Our Core Capabilities
- Upstream and downstream oil and gas licensing/permitting.
- Negotiation and drafting of JOAs, PSCs, and farm-in agreements.
- Licensing and power purchase contracts under NERC guidelines.
- Advisory on PIA transition provisions and fiscal regimes.
- Solid minerals concession agreements and licensing.
Frequently Asked Questions
In a Joint Venture (JV), the state oil firm (NNPC) and the international oil company (IOC) share funding and output proportionally based on equity. In a Production Sharing Contract (PSC), the IOC conducts operations at its own cost and risk, recovering expenses and taking profits from oil production after royalties and tax oil are paid.
The Petroleum Industry Act (PIA) restructured regulatory oversight, creating the NUPRC for upstream operations and the NMDPRA for midstream/downstream operations. It introduced new licensing regimes (PPL and PML) designed to simplify concessions and modernize tax frameworks.
Setting up an IPP requires a generation license from the Nigerian Electricity Regulatory Commission (NERC), environmental impact assessment (EIA) certification from the Ministry of Environment, grid connection agreements, and local state development permits.
We assist developers with regulatory compliance under NERC, drafting Power Purchase Agreements (PPAs), securing state land grants, structuring joint venture funding, and navigating carbon credit schemes.
