FAQs

Frequently Asked Questions

OPTS

OPTS is an acronym for Oil Producers Trade Section, a sub-group of the Lagos Chamber of Commerce and Industry (LCCI). OPTS is made up of organizations operating in the upstream sector of the Nigerian Oil and Gas industry, while its umbrella group, LCCI is the oldest and largest association of businesses formed to promote their common interests in Nigeria.

OPTS represents the interests of its member-firms who operate in the Nigerian Oil and Gas industry.

The objectives of OPTS are to:

  • Define and address non-competitive issues of common interest to member-firms in order to ensure the continued viability of the Nigerian Oil and Gas industry.
  • Promote the exchange of ideas and non-competitive, sensitive information between member-firms to enhance their operational activities and to improve safety and environmental performance in the Nigerian Oil and Gas industry.
  • Provide a forum for advocacy in relation to government policies, laws and regulations that impact the Nigerian Oil and Gas industry.
  • Promote awareness among industry stakeholders and the Nigerian public on issues affecting the Nigerian Oil and Gas Industry.
  • Undertake or engage in any other lawful activity, necessary, conducive or incidental to and/or generally aimed at promoting the attainment of the objectives of the OPTS.

The objectives of the OPTS are implemented through sub-committees established by the Executive Committee (EXCOM). Both committees have distinct roles.

Sub Committees are working teams consisting of personnel from the member companies. The Sub Committees drive initiatives in line with OPTS objectives.

Executive Committee is the decision-making body of the OPTS. The Executive Committee comprises the Chief Executive Officers of all member companies and the Executive Director of OPTS.

Members/Membership

OPTS comprises locally and internationally-owned businesses registered and operating in Nigeria with Oil Prospecting License or Oil Mining License. OPTS currently has 29 member companies. Click Here to view our members at a glance.

OPTS has two categories of membership:

  1. Associate Membership
  2. Producer Membership

Click Here for OPTS membership criteria.

Organisation/Administration

Sub Committees are working teams consisting of personnel from the member companies. The Sub Committees drive initiatives in line with OPTS objectives.

The Executive Director leads the Secretariat and represents OPTS in external functions/events.

The  activities of OPTS are coordinated by the Secretariat made up of professionals seconded from producer member companies led by the Executive Director.

Each sub-committee is led by a Chairperson elected by the sub-committee members who coordinates their activities.

All  member companies are  entitled to appoint a representative to each of the sub-committees.

The Sub Committees of the OPTS are

  • Human Resources,
  • Gas,
  • Finance,
  • Security,
  • Exploration,
  • Tax,
  • Operations & Terminals, Legal,
  • Government Relations & Public Affairs,
  • Environment & Safety, Nigerian Content,
  • Ethics & Compliance,
  • PIA & Strategy and
  • Industry Cost Efficiency (ICE).

The main functions of the Executive Committee are policy formulation, budget approval and determination of dues, fees and other levies payable by member-firms.

The Executive Committee comprises the Chief Executive Officers of all member companies and the Executive Director of OPTS.

The decision-making body of OPTS is the Executive Committee (EXCOM).

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