Library / Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020
Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020
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Applicable to all Oil & Gas Operators GUIDELINES FOR GRANT OF PERMIT TO ACCESS FLARE GAS Code: DPR Guide 0007 - 2020 Revision Date: 1st August 2020 This is a property of the Department of Petroleum Resources. All rights reserved 19 g. In the event that a Permit Holder elects to install a Chromatograph, applicable operations and maintenance fee shall be agreed between the Producer and the Permit Holder as provided for in the Connection Agreement. SCHEDULE C - BONDS 1. Bid Bond a. A Bid Bond must accompany each Proposal, and for each of Multiple Proposals if a Bidder is submitting more than one Proposal. b. The Bid Bond shall remain valid for a period not less than six (6) months after the bid submission due date. In the event that a Bidder is not selected as the Preferred Bidder or Reserve Bidder, the Bid Bond will be returned to such Bidder. Once a Bid Bond has been returned to a Bidder, the Bidder ceases to be a participant in the bid process for which that Proposal had been submitted. c. To retain its status as a Preferred Bidder, a Preferred Bidder shall ensure that its Bid Bond remain valid until he provides a Milestone Bond as specified in the Milestone Development Agreement. The Bid Bond will be returned once the Milestone Bond has been received. d. The Bid Bond shall be a 1% of the estimated Project capital expenditures (capex) subject to a maximum of US$1,000,000. The Project capex is calculated by multiplying the maximum proposed daily Contracted Flare Gas Quantity in Mscf/d by the unit capex in US$/Mscf of the selected Flare Gas-to-Market Technology as specified in the table below.
CodesPDF20202020-0819