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NEW GUIDELINES ON THE REQUIEMENT OF MINISTERIAL …

Ministerial consent is indeed required for the assignment of oil and gas licences and leases in Nigeria. Specifically, paragraph 14 of the First Schedule to the Petroleum Act provides without the prior consent of the Minister, the holder of an Oil Prospecting Licence or an Oil Mining Lease

OPL Vs OML: Oil Production Licenses In Nigeria - Business ...

OPL Vs OML: Oil Production Licenses In Nigeria - Business - Nairaland. There are two types of Licenses issued to oil producers in Nigeria namely: the Oil Prospecting License (OPL) and the Oil Mining License (OML) with validity periods ranging from 5 to 20 years respectively. All the Petroleum (Crude Oil) in Nigeria is vested in the Federal ...

PROCEDURE FOR OIL MINING LEASE IN NIGERIA

The grant of oil mining lease in Nigeria depends on the holding of an oil prospecting license. Every holder of oil prospecting license who has discovered oil in commercial quantities is entitled to the grant of oil mining lease. The licensee must be able to produce a minimum of 10,000 barrel per day of crude oil from the acreages or licensed area.

Nigerian Mining Sector Brief | 1 Nigerian Mining Sector Brief

Printed in Nigeria. Nigerian Mining Sector Brief | 3. Section. Page . 1erview of the Nigerian Mining Sector Ov 05 2 Mineral Endowment 08. 2.1 Coal 08 ... 4.3 Small Scale Mining Lease 15 4.4 Mining Lease 15 4.5 Quarry Lease 15 4.6ater Use Permit W 15 4.7ransfer of Mineral Titles T ...

How do I get a Mining Lease in Nigeria? - CompleteFMC

Section 50, 65 and 66 of the Nigeria Minerals and Mining Act, 2007 and the Nigerian Minerals and Mining Regulations, 2011 states: "The Mining Cadastre Office, on receipt of a valid application, shall grant and issue a Mining Lease within 45 days of the application.

SPDC completes sale of interest in Oil Mining Lease 17 in ...

Jan 15, 2021 The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger Delta, and associated infrastructure, to TNOG Oil and Gas Limited, a related company of Heirs Holdings Limited and Transnational Corporation of Nigeria Plc (Transcorp), for a consideration of $533m.

NIGERIAN MINERALS AND MINING ACT,2007

A 486 2007 No. 20 Nigerian Minerals and Mining Act Functions of the Minister. metres of a railway, or which isthe site of, or within fifty metres of, any government or public building, reservoir, dam or public road; (d) that is subject to the provisions of the National Commission for …

How To Obtain Mining Licenses In Nigeria - Investment ...

2.5 Small Scale Mining Lease (Section 49 of Nigeria Minerals and Mining Act, 2007 and the Nigerian Minerals and Mining Regulations, 2011. The Mining Cadastre Office, on receipt of a valid application, shall grant and issue a Small Scale Mining Lease (SSML) within 45 days. An SSML shall not be granted in respect of any area with an exploration ...

LEGAL FRAMEWORK FOR MINING IN NIGERIA- A GUIDE TO …

Under the Nigeria's Minerals and Mining Act, 2007, only corporations can obtain a mining lease in Nigeria. And when a mining lease is issued, the duration is for a period of 25 years. Small Scale Mining Lease: The Small Scale Mining Lease, as the name appears, is a smaller version of mining license. The procedure for obtainment of the SSML is ...

Mining Law 2022 | Laws and Regulations | Nigeria | ICLG

Nigeria: Mining Laws and Regulations 2022. ICLG - Mining Laws and Regulations - covers common issues in mining laws and regulations – including the acquisition of rights, ownership requirements and restrictions, processing, transfer and encumbrance, environmental aspects, native title and land rights – in 15 jurisdictions.

Yoho field - Oil Mining Lease, Nigeria - Offshore ...

The Yoho field lies in Oil Mining Lease (OML) 104, offshore Nigeria. ExxonMobil's subsidiary MPN holds a 40% interest in the joint venture and the Federal Government of Nigeria holds the remaining 60% interest through the Nigerian National Petroleum Corporation (NNPC).

PROCEDURE FOR OBTAINING A MINING LEASE IN NIGERIA

The grant of Mining Lease is coordinated by the Federal Ministry of Mines and Steel Development(MMSD) under the Mining Cadastre Office approving same. It is also very instructive to note that applications for a mining lease in Nigeria must strictly comply and conform with requirements and procedures under the laws that regulate the sector, which […]

Laws & Guidelines Regulating Solid Mineral Industry in Nigeria

Laws & Guidelines Regulating Solid Mineral Industry in Nigeria – You need to know about Nigerian minerals and mining regulations 2011, mining regulations in Nigeria, Nigerian minerals and mining act 2007, national minerals and metals policy 2008 Nigeria, mines and minerals act 2014, history of mining in Nigeria, problems of mining in Nigeria.

THE PROCEDURE AND COST FOR OBTAINING MINING LICENSE IN NIGERIA

Nigeria is endowed with several types s of mineral resources. Every investor or company willing to engage in the Nigerian mining sector requires a government approval or license to proceed. Mining license in Nigeria is usually relevant for companies seeking to engage in the mining sector, with or without a mining lease.

Oil and gas exploration and production laws in Nigeria ...

An oil mining lease may be renewed subject to the fulfilment of certain conditions. ... Otherwise, joint ventures in Nigeria are regulated by the terms of …

Assignment Of Interests in Oil Mining Leases in Nigeria ...

By Dr. Jerome Okoro. Abstract. Divestment of interests in Oil Mining Leases (OML) is common in the Nigerian upstream petroleum industry. It comes with diverse legal implications which include regulatory requirements, chiefly, the requisite ministerial consent, and perfection of the financial arrangements to facilitate such transactions.

HOW TO OBTAIN MINING LICENSES IN NIGERIA

(Section 50, 65 and 66 of the Nigeria Minerals and Mining Act, 2007 and the Nigerian Minerals and Mining Regulations, 2011. The Mining Cadastre Office, on receipt of a valid application, shall grant and issue a Mining Lease within 45 days of the application.