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 4 2. PROCEDURES FOR OBTAINING DPR’S APPROVAL FOR THE TRANSFER OF A LICENCE OVER DOWNSTREAM FACILITY Any Downstream Operator or Licensee intending to engage in a Takeover, Merger or Acquisition that may result to a transfer of licence over all or any of its Downstream Facilities with any company shall: i. Provide prior notification to the DPR. ii. Apply for the transfer of license. iii. Pay the applicable processing fee which include: a. Application fees b. Processing fees c. Approval (Transaction) fees iv. Submit the requisite document specific for the facility. v. Comply with the process specified by DPR for Transfer of Licences as applicable. 2.1 Prior Notification The company is required to notify the DPR and obtain a no-objection certificate to its intention to engage with any company on the Takeover, Merger or Acquisition that may result to a transfer of licence over all or any of its Downstream Facilities. The letter written to the DPR for the notification shall state the reason for the proposed Transfer of Licence including the possible technical and economic value that such transfer would bring to the operation. 2.2 Applications for Transfer of Licence Upon the completion of the transaction, the applicant shall proceed to apply for the DPR’s approval to transfer the licence. The application shall be supported by applicable documents listed in Sections 4 of these guidelines. The DPR conducts the following as part of the process in the Transfer of licence:
CodesPDF20202020-098