Stabilization Clauses and Its Impact under the Petroleum Industry Act

What is a Stabilization Clause?

What is the interplay with stabilization and voluntary conversion of licenses and leases under the Petroleum Industry Act 2021(“PIA”)?

How do the limitations of Section 305 of the PIA impact stabilization?

How did previous stabilization disputes TEMPLARS advised on impact the drafting Section 305 of the PIA?

What is the impact of stabilization on renegotiated Production Sharing Contracts under the PIA?

Discover the answers to these questions (and more) on this episode of “Talking Legal with TEMPLARS” as Partners Adewale Atake (SAN) and Dayo Okusami deep dive into Stabilization Clauses and the PIA.