Upstream Petroleum Operations Cost Efficiency Incentives Order 2025
Sector: Government • Location: Nigeria
Source: Energy News
A new executive order by Nigerian President Bola Tinubu establishing tax incentives linked to operational efficiency in the upstream oil sector. The order ties tax advantages to measurable cost reductions across onshore, shallow water, and deepwater projects, offering tax credits up to 20% of annual tax liability for companies meeting performance benchmarks.
- Status
- Prospective
- Sector
- Government, Water Supply and Storage, Oil and Gas
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- Energy News
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Status
Original status | Planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
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Description
Description | A new executive order by Nigerian President Bola Tinubu establishing tax incentives linked to operational efficiency in the upstream oil sector. The order ties tax advantages to measurable cost reductions across onshore, shallow water, and deepwater projects, offering tax credits up to 20% of annual tax liability for companies meeting performance benchmarks. |
Original sector | Oil and Gas |
Location
Country | Nigeria |
Source
Source | Energy News |
URL |
More Details
Record type | Project |
Sector | Government, Water Supply and Storage, Oil and Gas |
Article published date | 2025-06-04 |
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