Library / Applicable to all Oil & Gas Operators GUIDELINES FOR FLARE PAYMENTS Code: DPR Guide 0006 - 2020 Revision Date: 1st August 2020

Applicable to all Oil & Gas Operators GUIDELINES FOR FLARE PAYMENTS Code: DPR Guide 0006 - 2020 Revision Date: 1st August 2020

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Applicable to all Oil & Gas Operators  
GUIDELINES FOR FLARE PAYMENTS 
Code: DPR Guide 0006 - 2020 
 
Revision Date: 1st August 2020 
 
 
This is a property of the Department of Petroleum Resources. All rights reserved  
2 
TABLE OF CONTENTS 
 
1. 
SCOPE ..................................................................................................................... 4 
2. 
OBJECTIVE ............................................................................................................. 4 
3. 
FLARE PAYMENT REGIME ..................................................................................... 4 
4. 
FLARE PAYMENT AMOUNT ACCOUNTING PROCEDURES ................................. 4 
4.1 
Accounting Procedure during the Transition Period .................................... 4 
4.2 
Accounting Procedure Post Transition Period .............................................. 5 
5. 
FLARE PAYMENT ADMINISTRATION ................................................................... 6 
 
5.1 
Flare Payment Procedure ............................................................................... 6 
5.2 
Flare Payment Additional Considerations ..................................................... 7 
6. 
NON-COMPLIANCE AND PENALTY ....................................................................... 7 
6.1 
Non-Compliance.............................................................................................. 7 
6.2 
Late Payment .................................................................................................. 7 
7. 
GLOSSARY .............................................................................................................. 8