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
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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 1 1. INTRODUCTION 1.1 Purpose The purpose of these Guidelines is to establish the procedure for obtaining DPR approval for transfer of licence, rights or interest therein in the oil and gas Downstream Sector. These Guidelines is pursuant to Petroleum Act, 1969 and Amendments and the relevant Regulations made thereunder. 1.2 Scope These guidelines shall apply to all facilities in the Downstream Sector such as depots, filling stations, lube blending plants, Liquified Petroleum Gas refilling plants, refineries, petrochemical plants, oil and gas processing plants, pipelines, tank farms and any other facility licensed by the DPR to carry out any business or activities in the Downstream sector. 1.3 Definition of Terms i. “Acquisition” means a corporate transaction where one company purchases all or a substantial interest, portion, shares or facility of another company, such that the acquired company becomes a subsidiary or division of the acquiring company. ii. “Applicant: refers to a company applying for transfer of licence in the Downstream Sector arising from an Acquisition, Mergers, Takeover or a Lease. iii. “Change of Name” Means a substitution of one name for another by a Company arising from a corporate restructuring or rebranding without involving a Merger, Acquisition, Takeover or change in control and management of the company. iv. Downstream Facilities covered in this document include the depots, filling stations, lube blending plants, Liquified Petroleum Gas refilling plants, refineries,
CodesPDF20202020-095