The Department of Petroleum Resources (regulator of Nigeria’s petroleum industry) recently issued the ”Guidelines and Procedures for Obtaining the Minister’s Consent to the Assignment of Interest in Oil and Gas Assets, 2021” (the “New Guidelines”).

The New Guidelines repealed and replaced the Guidelines and Procedures for obtaining the Minister’s Consent issued in 2014 (the “Repealed Guidelines”).

Our Newsletter highlights the significant changes and the practical implication on assignment of oil and gas assets.