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  
 
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petrochemical plants, oil and gas processing plants, pipelines and any other 
facility licensed by the Department to carry out any business or activities in the 
Downstream sector. 
v. “Downstream Sector” means, for the purposes of these Guidelines, all oil and 
gas activities from the flow stations to retail outlets. 
vi. “Independent marketer” means any Private Limited Liability Company (Ltd) 
engaged in oil and gas activities in the Downstream sector. 
vii. “Lease” means a corporate transaction where one company transfer its title or 
rights in a land or a licenced oil and gas facility to another company for a term of 
years. 
viii. “Licensee” means any company licensed by DPR to operate a downstream 
facility. 
ix. “Marketers” means major marketers (PLC) and Independent Marketers (LTD). 
x. “Major Marketers” means any Public Limited Liability Company (PLC) engaged 
in oil and gas activities in the Downstream sector. 
xi. “Merger” means the fusion of two or more companies into one new legal entity. 
xii. “Parties:  refers to the companies involved in a Merger, Acquisition, Lease or a 
Takeover arrangement. 
xiii. “Takeover” means a transfer or purchase of 30% to 50% of the shares of a publicly 
listed company by an individual or company and which gives the acquirer control 
over management and affairs of the company.   
xiv. “Transfer of Licence: refers to change in ownership or control of a licence to 
operate a downstream facility or an interest or rights therein either through 
Merger, Acquisition, Takeover, Lease, Lien, Assignment, Mortgage, shares 
divestment or similar transaction. An application for a takeover of a downstream 
facility will be treated as an application for a transfer of licence over the 
downstream facility.