The Indigenous
Advantage
A Window for Indigenous Oil Firms – Nigeria to hand $10b to indigenous oil companies
Kainji Resources Ltd. (Nigeria) is a subsidiary of Orion Energy Services Ltd. an oil and gas service company which has operated successfully in the Nigerian oil parch for over ten years. KAINJI was structured to build on favourable fiscal conditions for indigenous Nigerian corporations and to provide strategic oil and gas commercialization opportunities.
The Nigerian Oil and Gas Industry Content Act 2010 establishes a legal and regulatory framework for the growth of the indigenous oil and gas companies, by giving priority to Nigerian independent operators in the award of oil blocks, oil field licenses, oil lifting licenses and all projects. The Nigerian federal government announced in September 2010 that it will allocate $10 billion worth of the total $18 billion in annual oil expenditure to indigenous oil and gas companies.
Kainji Resources Ltd. (Nigeria) is a subsidiary of Orion Energy Services Ltd. an oil and gas service company which has operated successfully in the Nigerian oil parch for over ten years. KAINJI was structured to build on favourable fiscal conditions for indigenous Nigerian corporations and to provide strategic oil and gas commercialization opportunities.
The Nigerian Oil and Gas Industry Content Act 2010 establishes a legal and regulatory framework for the growth of the indigenous oil and gas companies, by giving priority to Nigerian independent operators in the award of oil blocks, oil field licenses, oil lifting licenses and all projects. The Nigerian federal government announced in September 2010 that it will allocate $10 billion worth of the total $18 billion in annual oil expenditure to indigenous oil and gas companies.
