Oil & Gas

Overview

Unrivalled command of Nigeria’s petroleum sector for over three decades.

Aluko & Oyebode is Nigeria’s foremost oil and gas law practice, the first call for complex, business-critical upstream, midstream and downstream mandates. Our unrivalled command of the Petroleum Industry Act, local content requirements and the evolving agendas of the NUPRC and NMDPRA gives our clients a decisive edge, de-risking timelines, protecting value and accelerating outcomes. As a member of ALN, we deliver integrated, on-the-ground support across key African energy jurisdictions, complemented by seamless collaboration with the world’s leading international law firms on cross-border mandates spanning Europe, the United States, the Middle East and Asia. pair decades of market-leading upstream, midstream and downstream expertise with results-focused execution across project development, M&A and divestments, financing, regulatory strategy and disputes. Clients count on our deep command of the Petroleum Industry Act framework, local content requirements, and the evolving agendas of the NUPRC and NMDPRA to de-risk timelines, protect value and accelerate outcomes. As a member of ALN, we deliver integrated, on-the-ground support across key African energy jurisdictions, while our seamless collaboration with leading international law firms ensures end-to-end coverage on cross-border mandates spanning Europe, the United States, the Middle East and Asia. From LNG and gas commercialisation to decommissioning and decarbonisation, we bring sector fluency, boardroom judgment and deal velocity to every instruction.

Full-Spectrum Oil and Gas Capability

Disputes, Arbitration and ADR

Our award-winning disputes team resolves price, lifting, pipeline, HSE, fiscal and stabilisation disputes leveraging deep sector expertise and Petroleum ADR frameworks to preserve operations, relationships and value.

Downstream, Trading and Marketing

Our expert downstream team advises on import frameworks, pricing and levies, bulk and retail distribution, supply and offtake, and trading strategies aligned with evolving NMDPRA rules, delivering commercial certainty across the full downstream spectrum.

Fiscal, Tax and Royalties

Our recognised tax team optimises transaction and project economics across royalties, hydrocarbon taxes, incentives and stabilisation, aligning fiscal outcomes with bankability and investor expectations.

Gas, Midstream and Infrastructure

Our recognised midstream team unlocks gas-to-industry and gas-to-power opportunities, pipelines and processing, exchange and trading platforms, and storage and terminal solutions, optimising throughput, tariffs and regulatory interfaces.

HSE, Decommissioning and ESG

Our foremost HSE and ESG team reduces liabilities through robust governance, environmental permitting, remediation, decommissioning planning and ESG reporting aligned with the highest lender and international standards.

Local Content and Stakeholder Strategy

Our leading team shapes cost-effective local content plans and community engagement strategies that meet NCDMB benchmarks and sustain operations across the Niger Delta, protecting client licenses and social license to operate. sustain operations across the Niger Delta.

Project Development and Finance

Our foremost project finance team executes bankable project structures, documentation and negotiations for sponsors and lenders across LNG, upstream developments, midstream assets and integrated value chains, with a track record of landmark financings. stream developments, midstream assets and integrated value chains.

Strategic M&A, Divestments and Farm‑ins/outs

Our award-winning M&A team delivers high-impact acquisitions and exits for IOCs, independents and financiers, with disciplined diligence, decisive regulatory advocacy and closing certainty on the most complex transactions in a transitioning market.

PIA Regulatory, Permitting and Compliance

Our foremost regulatory team positions projects for speed and certainty under the PIA, securing permits, consents and fiscal incentives, and articulating regulatory pathways that materially compress approval cycles. and articulating regulatory pathways that compress approval cycles.

Upstream Structuring, Licensing and JOAs

Our leading upstream team structures PSCs, JOAs and shareholder arrangements, navigates licensing rounds, and secures approvals and consents, aligning risk allocation with commercial drivers throughout the asset lifecycle with unmatched authority.

A Proven Track Record: Selected Transactions

Advised sponsors NNPC and Mobil Producing

Advised sponsors NNPC and Mobil Producing Nigeria on the US$1.36 billion financing of the ExxonMobil NGL II project, including structuring, documentation and regulatory strategy.

Advised on the US$1.06 billion financing

Advised on the US$1.06 billion financing of Trains 4 and 5 of the Nigerian LNG expansion, aligning sponsor, lender and offtake imperatives to reach bankable close.

Advised on the US$3.5 billion financing

Advised on the US$3.5 billion financing of the NNPC and Mobil Producing Nigeria Unlimited Satellite Oil Field project, covering security, cashflows and approvals.

Advised Exxon Mobil Oil Corporation

Advised Exxon Mobil Oil Corporation on the US$300 million sale of its 60% equity stake in Mobil Oil Nigeria Plc to Nipco Plc.

Advised a syndicate of Nigerian

Advised a syndicate of Nigerian and international lenders on a US$2 billion financing for the acquisition of oil and gas assets by an indigenous E&P company.