Library / Midstream and Downstream Environmental Remediation Fund Regulations Draft Date: 10/06/2022 Establishment of the Fund 1. (1) These Regulations are made for the administration of the Environmental

Midstream and Downstream Environmental Remediation Fund Regulations Draft Date: 10/06/2022 Establishment of the Fund 1. (1) These Regulations are made for the administration of the Environmental

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Amount of the financial contribution 
 
3. (1) The financial contribution shall be paid on or before 31st December of every 
calendar year for each licence, permit and authorisation including for the year in 
which a licence, permit and authorisation has been granted. 
 
(2) For the purpose of these Regulations, petroleum operations under each 
licence, shall fall under one of the following categories of areas where operations 
are located — 
 
(a) 
Onshore High-Risk Area being areas which include any of the 
following: 
 
(i) 
mangrove areas; 
(ii) 
wetland and swamp areas; 
(iii) 
a zone of 500 meters along any river and lake; 
(iv) 
such other areas as the Authority may determine as high-risk. 
 
(b) 
Shallow Water High-Risk Area being:  
 
(i) 
a zone of 10 km seawards of a high-water mark; 
(ii) 
such other shallow water areas as the Authority may 
determine as high risk. 
 
(c) 
Other Onshore Areas being the part of Nigeria that is defined as 
onshore and frontier acreages in the Act, other than Onshore High-
Risk Areas. 
 
(d) 
Other Shallow Water Areas, being the part of Nigeria that is defined 
as shallow water in the Act, other than Shallow Water High-Risk Areas. 
 
(e) 
Deep Water Area, being the part of Nigeria that is defined as deep 
offshore in the Act. 
 
(3) The Authority shall, prior to the first payment of the financial contribution, notify 
the licencee of which category the licence falls, such that where;  
 
 
(a)  
all or part of a petroleum prospecting licence or petroleum 
mining lease is situated in an area that is considered an 
Onshore High-Risk Area, the entire licence or petroleum mining 
lease shall be considered as being located in an Onshore High-
Risk Area,   
 
 
(b)  
all or part of a petroleum prospecting licence or petroleum 
mining lease is situated in a shallow water area that is