The Guidelines and Procedures for Obtaining Minister's Consent to Assignment of Interest in Oil and Gas Assets: A Short Commentary
Article from: OGEL 6 (2015), in Africa
Introduction
In November 2014, the Department of Petroleum Resources (DPR Nigeria) circulated the guidelines and procedures for obtaining the written consent of the Minister of Petroleum Resources (Minister), for the assignment of interests in oil and gas assets (the Guidelines). The purpose of the Guidelines is to set out for clarity, the procedure for obtaining the Minister's consent for the assignment of interests in an Oil Prospecting Licence (OPL), an Oil Mining Lease (OML), a Marginal Field (MF) or an Oil and Gas Pipelines Licence (OGPL) in accordance with the Petroleum Act (PA) and the Oil ...