Abstract
This paper examined the concessionary instruments in the oil and gas industry, oil spillage and environmental remediation with the view of tracing the missing link in-between. Over the years, there is the problem of remediation and clean-up of the part of the environment polluted by incidents of oil spillage. Associated to this problem is also the problem of fair, adequate and timeous compensation of victims of oil spillages. The paper observed that there is a missing link and lacuna in the Petroleum Industry Act as it relates to issues of management of oil spillage, environmental remediation and compensation of victims of oil spillages, hence, the paper suggest for a policy action to ameliorate these issues in the interim and a legislation to regulate these issues at the long run.
Nweke Prince Nweke
pp. 172 – 190
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