The Nigerian tax laws outline steps to tax dispute resolution procedures for tax issues. Although the various tax laws stipulate different timelines for compliance and appeal, the basic procedure remains largely the same. Upon filing of tax returns, the tax…
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SCUML Registration Special Control Unit Against Money Laundering (SCUML) was established by the Federal Government of Nigeria in September 2005 in line with the provisions of the Money Laundering (Prohibition) Act, 2004, which was subsequently repealed and amended to Money…
Offshore Safety Permit (OSP) is a Personnel Accountability System (PAS) designed by the Department of Petroleum Resources for the tracking of personnel working in Onshore and Offshore locations, managing installations owned and/or operated by Oil and Gas operators and contractors in Nigeria.
Apart from the fundamental purpose of OSP to account for and save the lives of the oil and gas workers, through effective training in compliance with Minerals Oils (Safety) Regulations and International Codes, Standards and Best Practices. The Petroleum Acts CAP 350 equally emphasizes achieving Operational Excellence in Oil and Gas activities in the country. The Mineral Oils (Safety) Regulations, 1997 makes it mandatory for workers to be accounted for and to be trained. In addition, Section 44 of the Petroleum (Drilling & Production) Regulations, 1969, makes it mandatory for operators to comply with any directives for achieving health and safety of workers.
Objectives of Operating Safety Permit (OSP)
Offshore Safety Permit – SOW
Who Requires OSP
The Department of Petroleum Resources (DPR) is responsible for the issuance, and establishment/management of OSP in the National Data Repository (NDR), while the carrier provides the required infrastructure for the implementation.
Fees for OSP are as follows:
Regular Offshore Workers
One Time Offshore Visitors
US$200/person (One Time Offshore Visit) – Valid for One Time Return visit to Offshore Location
Dollar payment can be made to DPR FOREX Account or Naira payment made on the DPR Treasury Single Account (TSA) platform on the Remita Platform(www.remita.net)
STEP BY-STEP GUIDE TO OBTAINING THE OSP
We would be glad to assist you in processing your OSP Registration, NipeX Product Code Selection, DPR Mapping, NipeX, NCDMB-NOGIC, NCEC and other related Registration in the Oil & Gas.
Book a free advisory session with us today.
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NipeX Product Code Selection/DPR Mapping
For ease of administration and understanding, products and services available in the Oil & as Industry in Nigeria are classified or categorize into respective coding.
This coding were as agreed by he major stakeholders in the Industry, which are NipeX (the Regulator) and the International Oil & Gas Companies (Operators)
It is very important for players in the Industry to understand how this Product Codes relates to the products/services you wish to render or supply in the industry, before registering with NipeX or DPR. So, in order not to obtain a wrong licence from DPR,that may not work with NipeX, it is imperative to confirm the category with NipeX, before commencing registration with DPR.
With the rigorous process involve in registering with NipeX, DPR and those Agency of Government involve in the Oil & Gas Industry, failure to choose the right Product Codes for registration purpose at the beginning may be devastating and laborious, hence, the emphasis on knowing and choosing the right Product Codes.
In order to get full knowledge about Product/Service Codes Selection and Appropriate DPR Permits, kindly download attached, to see the Revised Product/ Service Codes for NipeX as issued by the Agency.
Accounting for Non-Accountants Training Introduction This SOW Consulting Accounting for Non-Accountants training provides a comprehensive introduction to the role of accounting in supporting and informing all business decisions throughout the organization. It is designed for those who access, use, and…
Importance of Organisational Design
Importance of Organizational Design – SOW
Organizational design is the process of creating the hierarchy within a company. It is a step-by-step methodology which identifies dysfunctional aspects of work flow, procedures, structures and systems, realigns them to fit current business realities/goals and then develops plans to implement the new changes.
Importance of Organisational Design in organisation can never be played down. For most companies, the design process leads to a more effective organization design, significantly improved results (profitability, customer service, internal operations), and employees who are empowered and committed to the business. The hallmark of the design process is a comprehensive and holistic approach to organizational improvement that touches all aspects of organizational life