Library / WHOLESALE GAS SUPPLY LICENCE REQUIREMENTS This Wholesale Gas Supply Licence Requirements is made pursuant to the provisions of Sections 142 to 145 of the Petroleum Industry Act, 2021 (hereinafter refe

WHOLESALE GAS SUPPLY LICENCE REQUIREMENTS This Wholesale Gas Supply Licence Requirements is made pursuant to the provisions of Sections 142 to 145 of the Petroleum Industry Act, 2021 (hereinafter refe

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ECONOMIC VIABILITY ASSURANCE 
REQUIREMENTS  
The following documents are required to attest the economic viability of 
operators with respect to Midstream and Downstream Petroleum operations. 
 
NAME OF OPERATOR: 
S/N 
DOCUMENTS 
SUBMITTED 
REMARKS 
GENERAL REQUIREMENTS 
1 
Application Letter 
 
 
2 
Evidence of payment of applicable license 
 
 
3 
Company profile  
 
 
4 
Project Proposal – outlining overview of the project 
objectives, 
scope, 
timelines, 
budget 
and 
expected outcomes 
 
 
5 
Company 5-year Strategic Business Plan- providing 
comprehensive overview of the project revenue 
streams, target customers, marketing strategies, 
pricing and financial projections 
 
 
6 
Risk Management Plan 
 
 
7 
Cost Benefit Analysis 
 
 
8 
Economic/Financial Feasibility Studies report 
 
 
9 
Project Viability/sustainability plan 
 
 
 
FINANCIAL REQUIREMENTS 
10 
Three (3) Years audited financial Statement 
 
 
11 
Detailed breakdown of Project cost 
a. Estimation of operating and maintenance 
cost 
b. Estimation of capital Cost 
c. IRR 
 
 
12 
Project Financing Agreement to include interest 
rate