Nigeria’s 2026 Decommissioning and Abandonment Regulations introduce a more commercially workable framework for managing upstream petroleum liabilities. This article examines key reforms to D&A plans, funding timelines and fund domiciliation, alongside new rules on well shut-ins, and considers how the changes may affect the financing, valuation, operation and transfer of upstream assets.
Authors:
Favour Ebhoaye, Solicitor, favour@detailsolicitors.com
Anthony Ezeamama, Partner, anthony@detailsolicitors.com