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Petroleum (Drilling and Production)(Amendments) Regulations, 2019 List of Affected Dollarised Items

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Overview

This document is a list from the Department of Petroleum Resources in Nigeria, issued under the Petroleum (Drilling and Production) (Amendment) Regulations, 2019. It details the dollarized fees for various petroleum licenses, permits, and applications, all payable to the Federation Account at the Central Bank of Nigeria (CBN) through JP Morgan Chase Bank in New York. The list includes fees for applications, processing, conversions, renewals, assignments, and extensions related to Oil Prospecting Licences (OPL), Oil Mining Leases (OML), and Marginal Fields. Key amounts range from $2,500 for marginal field interest assignments to $2,000,000 for OML renewal applications. The document emphasizes that all payments must be made via the specified bank and account details.

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