diff --git a/projects/rccl/src/transport/p2p.cc b/projects/rccl/src/transport/p2p.cc
index 61874c9d42..3ee052c0cf 100644
--- a/projects/rccl/src/transport/p2p.cc
+++ b/projects/rccl/src/transport/p2p.cc
@@ -20,6 +20,7 @@
 #else
 #include "nvlink.h"
 #endif
+#include "shm.h"
 
 struct p2pConnectInfo {
   int direct;
@@ -27,17 +28,29 @@ struct p2pConnectInfo {
     void* directPtr;
     hipIpcMemHandle_t devIpc;
   };
+  uint64_t pidHash;
+  int id;
+  int sendRank;
+  int recvRank;
 };
 
 struct p2pSendResources {
   struct ncclSendMem* devMem;
   void* ipcPtr;
   uint32_t* next_hdp_reg;  // Next GPU in ring (for p2p transport use only)
+  uint64_t* opCount;  // opCount allocated in host memory
+  uint64_t* devOpCount;  // device side pointer to opCount
+  uint64_t* remOpCount;  // remote opCount allocated in host memory
+  uint64_t* devRemOpCount;  // device side pointer to remote opCount
 };
 
 struct p2pRecvResources {
   struct ncclRecvMem* devMem;
   void* ipcPtr;
+  uint64_t* opCount;  // opCount allocated in host memory
+  uint64_t* devOpCount;  // device side pointer to opCount
+  uint64_t* remOpCount;  // remote opCount allocated in host memory
+  uint64_t* devRemOpCount;  // device side pointer to remote opCount
 };
 
 #include <sys/types.h>
@@ -498,6 +511,8 @@ end:
     TRACE(P2P,"IPC: %016lx %016lx %016lx %016lx", devIpc[4], devIpc[5], devIpc[6], devIpc[7]); \
   } while (0)
 
+#define MAX_SHM_NAME_LEN 1024
+
 /* Send: Create and return connect structures for this peer to connect to me */
 ncclResult_t p2pSendSetup(struct ncclPeerInfo* myInfo, struct ncclPeerInfo* peerInfo,
     struct ncclConnect* connectInfo, struct ncclConnector* send, int buffSize, int channelId) {
@@ -521,6 +536,16 @@ ncclResult_t p2pSendSetup(struct ncclPeerInfo* myInfo, struct ncclPeerInfo* peer
     resources->next_hdp_reg = 0;
 
   struct p2pConnectInfo info;
+  info.id = channelId;
+  info.pidHash = myInfo->pidHash;
+  info.sendRank = myInfo->cudaDev;
+  info.recvRank = peerInfo->cudaDev;
+
+  char shmName[MAX_SHM_NAME_LEN];
+  sprintf(shmName, "nccl-p2p-send-opcount-%lx-%d-%d-%d", info.pidHash, info.id, info.sendRank, info.recvRank);
+  TRACE(NCCL_P2P,"Open shmName %s", shmName);
+  NCCLCHECK(shmOpen(shmName, sizeof(uint64_t), (void**)&resources->opCount, (void**)&resources->devOpCount, 1));
+
   if (myInfo->pidHash == peerInfo->pidHash) {
     info.direct = 1;
     info.directPtr = resources->devMem;
@@ -571,6 +596,16 @@ ncclResult_t p2pRecvSetup(struct ncclPeerInfo* myInfo, struct ncclPeerInfo* peer
   NCCLCHECK(ncclCudaCalloc((char**)&resources->devMem, recvSize, true));
 
   struct p2pConnectInfo info;
+  info.id = channelId;
+  info.pidHash = myInfo->pidHash;
+  info.sendRank = peerInfo->cudaDev;
+  info.recvRank = myInfo->cudaDev;
+
+  char shmName[MAX_SHM_NAME_LEN];
+  sprintf(shmName, "nccl-p2p-recv-opcount-%lx-%d-%d-%d", info.pidHash, info.id, info.sendRank, info.recvRank);
+  TRACE(NCCL_P2P,"Open shmName %s", shmName);
+  NCCLCHECK(shmOpen(shmName, sizeof(uint64_t), (void**)&resources->opCount, (void**)&resources->devOpCount, 1));
+
   if (myInfo->pidHash == peerInfo->pidHash) {
     info.direct = 1;
     info.directPtr = resources->devMem;
@@ -626,13 +661,20 @@ static ncclResult_t p2pSendConnect(struct ncclConnect* connectInfo, struct ncclC
     }
   }
 
+  char shmName[MAX_SHM_NAME_LEN];
+  sprintf(shmName, "nccl-p2p-recv-opcount-%lx-%d-%d-%d", info->pidHash, info->id, info->sendRank, info->recvRank);
+  TRACE(NCCL_P2P,"Open shmName %s", shmName);
+  NCCLCHECK(shmOpen(shmName, sizeof(uint64_t), (void**)&resources->remOpCount, (void**)&resources->devRemOpCount, 0));
+  // Remove the file to ensure proper clean-up
+  NCCLCHECK(shmUnlink(shmName));
+
   send->conn.buff = remDevMem->buff;
   send->conn.llBuff = remDevMem->llBuff;
   send->conn.tail = &remDevMem->tail;
-  send->conn.opCountRem = &remDevMem->opCount;
+  send->conn.opCountRem = resources->devRemOpCount;
   send->conn.head = &resources->devMem->head;
   send->conn.ptrExchange = &resources->devMem->ptrExchange;
-  send->conn.opCountLoc = &resources->devMem->opCount;
+  send->conn.opCountLoc = resources->devOpCount;
   send->conn.next_hdp_reg = resources->next_hdp_reg;
   return ncclSuccess;
 }
@@ -657,12 +699,18 @@ ncclResult_t p2pRecvConnect(struct ncclConnect* connectInfo, struct ncclConnecto
     }
   }
 
+  char shmName[MAX_SHM_NAME_LEN];
+  sprintf(shmName, "nccl-p2p-send-opcount-%lx-%d-%d-%d", info->pidHash, info->id, info->sendRank, info->recvRank);
+  TRACE(NCCL_P2P,"Open shmName %s", shmName);
+  NCCLCHECK(shmOpen(shmName, sizeof(uint64_t), (void**)&resources->remOpCount, (void**)&resources->devRemOpCount, 0));
+  NCCLCHECK(shmUnlink(shmName));
+
   recv->conn.buff = resources->devMem->buff;
   recv->conn.llBuff = resources->devMem->llBuff;
   recv->conn.tail = &resources->devMem->tail;
-  recv->conn.opCountLoc = &resources->devMem->opCount;
+  recv->conn.opCountLoc = resources->devOpCount;
   recv->conn.head = &remDevMem->head;
-  recv->conn.opCountRem = &remDevMem->opCount;
+  recv->conn.opCountRem = resources->devRemOpCount;
   return ncclSuccess;
 }
 
@@ -671,6 +719,8 @@ ncclResult_t p2pSendFree(void* resources) {
   if (sendRes->ipcPtr)
     CUDACHECK(hipIpcCloseMemHandle(sendRes->ipcPtr));
   CUDACHECK(hipFree(sendRes->devMem));
+  NCCLCHECK(shmClose(sendRes->opCount, sendRes->devOpCount, sizeof(uint64_t)));
+  NCCLCHECK(shmClose(sendRes->remOpCount, sendRes->devRemOpCount, sizeof(uint64_t)));
   free(sendRes);
   return ncclSuccess;
 }
@@ -680,6 +730,8 @@ ncclResult_t p2pRecvFree(void* resources) {
   if (recvRes->ipcPtr)
     CUDACHECK(hipIpcCloseMemHandle(recvRes->ipcPtr));
   CUDACHECK(hipFree(recvRes->devMem));
+  NCCLCHECK(shmClose(recvRes->opCount, recvRes->devOpCount, sizeof(uint64_t)));
+  NCCLCHECK(shmClose(recvRes->remOpCount, recvRes->devRemOpCount, sizeof(uint64_t)));
   free(recvRes);
   return ncclSuccess;
 }