Nigeria’s Deep Offshore Investment Reset: What the 2026 Tax Remission Order Means for Investors
Nigeria's deep offshore fiscal framework has just become more investment-focused with the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, made pursuant to section 3(1)(e) of the Petroleum Industry Act 2021 and section 77(1) of the Nigeria Tax Administration Act 2025. The Order introduces production-linked tax remission incentives for qualifying deep offshore crude oil and non-associated gas developments. This insight examines the key provisions of the Order, including eligibility requirements, the distinction between the Standard and Supplementary PTC, the Profit Oil Reset mechanism, Nigerian content obligations, and cost disclosure requirements. It also highlights the practical steps and conditions that investors must manage carefully to access and preserve the benefits available under the Order.








