Library / Applicable to all Oil & Gas Operators GUIDELINES AND PROCEDURES FOR OBTAINING DPR APPROVAL FOR TRANSFER OF LICENCE, RIGHTS OR INTERESTS IN THE DOWNSTREAM SECTOR OF THE NIGERIAN OIL AND GAS INDUSTRY

Applicable to all Oil & Gas Operators GUIDELINES AND PROCEDURES FOR OBTAINING DPR APPROVAL FOR TRANSFER OF LICENCE, RIGHTS OR INTERESTS IN THE DOWNSTREAM SECTOR OF THE NIGERIAN OIL AND GAS INDUSTRY

Page 13 of 23

Open the PDF at page 13

 
 
 
 
Applicable to all Oil & Gas Operators  
GUIDELINES AND PROCEDURES FOR OBTAINING DPR APPROVAL FOR 
TRANSFER OF LICENCE, RIGHTS OR INTERESTS IN THE DOWNSTREAM 
SECTOR OF THE NIGERIAN OIL AND GAS INDUSTRY 
Code: DPR Guide 0039 - 2020 
 
Effective Date: 1st September 2020 
 
 
 
This is a property of the Department of Petroleum Resources. All rights reserved  
 
9 
a. For transfers involving outright purchase of land, the transferee shall submit: 
1. Stamped Deed of Assignment duly endorsed by the Court; 
2. Receipt of purchase (if it is an outright purchase); and 
3. Letter from the Land Registry stating that the interest in the land has 
passed to the applicant/transferee. 
b. For transfers involving lease from the owner of the land to the 
applicant/transferee, the transferee shall submit: 
1. Stamped Deed of Lease duly endorsed by the court;  
2. Release letter on the letter headed paper of the company that was taken 
over/the owner of the property. 
c. For transfers involving third party lease or sublease, the transferee shall 
submit: 
1. Stamped Deed of Sub-lease duly endorsed by the court for the unexpired 
term of years from the sublessor (lessee in the earlier Lease Agreement) to 
the sublessee; 
2. Release letter on the letter headed paper of the company that was taken 
over/sublessor (lessee) to the sublessee for the unexpired term of years; 
and 
3. Release letter on the letter headed paper of the company or original owner 
of the land or the Lessor approving or consenting to the sub-lease/transfer 
from the sublessor(lessee) to the sublessee for the unexpired term of 
years. 
xiii. 
Evidence of the following documents, where applicable: 
a. Securities and Exchange Commission (SEC) approval, where it is a Public 
Limited Company (PLC); 
b. Federal Competition and Consumer Protection Commission (FCCPC) approval; 
c. The technical and financial track records of the Transferee company;