Deep Offshore and Inland Basin Production Sharing Contracts (Amendment) Decree (No. 26 of 1999). Country/Territory Nigeria Document type Legislation Date 1999 Source FAO, FAOLEX Subject Mineral resources Keyword Exploration Oil Contract/agreement Authorization/permit Geographical area Africa, Western Africa Abstract Section 17 of the principal Decree is amended and now reads: (1) "The provisions of this Decree shall be subject to review to ensure that if the price of crude oil at any time exceeds $20 per barrel, real terms, the share of the Government of the Federation in the additional revenue shall be adjusted under the Production Sharing Contracts to such extent that the Production Sharing Contracts shall be economically beneficial to the Government of the Federation. (2) Notwithstanding the provisions o Full text English References - Legislation Amends Deep Offshore and Inland Basin Production Sharing Contracts Decree (No. 9 of 1999). Legislation | Nigeria | 1999 Keyword: Marine pollution, Exploration, Oil, Authorization/permit, Pollution control Source: FAO, FAOLEX