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 31 SOQ Submission Fee A fee in an amount stated in the Guidelines for Grant of Permit to Access Flare Gas to be paid through the Programme Portal in conjunction with the SOQ of an Applicant Statement of Qualification (SOQ) A documentary submission, in line with the RFQ requirements, by an Applicant and submitted as part of the RFQ process Take or Pay Quantity The quantity of Flare Gas for each Contract Year during the Contract Period and from each Flare Site all as specified in its Gas Sales Agreement that a Flare Gas Buyer agrees to take or pay for Technical and Commercial Proposal Proposal that will contain the technical details, business case and all other underlying assumptions of the proposed Project(s) Third Party Flare Gas Commercialisation Project A Project awarded under any Programme Auction Total Offered Flare Gas For any Year, the sum of Offered Guaranteed Flare Gas and Offered Non-Guaranteed Flare Gas and is equal to the Flare Gas Forecast Quantity Total Take-or-Pay Net Present Value The sum of the net present values, at a discount rate stated in the RFP Document, over the Contract Period of the Take or Pay Quantity per Contract Year using (1) the Flare Gas Price offered by the Bidder for each Contract Year and (2) the unit value of the emissions credit for each Contract Year set by the Department of Petroleum Resources Approved by Engr. Sarki Auwalu, MNSE (Director/CEO, Department of Petroleum Resources) Date 1st August 2020
CodesPDF20202020-0831