Petroleum Industry Bill

The Petroleum Industry Bill 2020 (PIB), seeks to reform the areas of governance, acreage administration, host community development, and fiscal framework of the oil and gas industry. It was recently submitted to the National Assembly (NASS) and has passed 1st and 2nd Readings in both the Senate and the House of Representatives (HoR). The Bill […]

OPTS has a New Vice-Chairman

Richard Kennedy (Rick) is the Chairman and Managing Director of Chevron’s Nigeria/Mid-Africa business unit, a role he assumed in November 2020. He is based in Lagos, Nigeria, and is responsible for Chevron’s upstream business in the country. Prior to this position, he was Director, Deepwater Assets and Production Sharing Contracts (PSCs) for the Nigeria/Mid-Africa business […]

A Message From our New Chairman

I warmly welcome you to the Oil Producers Trade Section (OPTS) in Nigeria. We are a private industry group committed to the exploration, development and production of Nigeria’s oil and gas resources in a manner that is sustainable and beneficial to the Nigerian people. Indeed, we represent interests of 30 oil and gas companies and […]

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