Library / Implementation Guidelines for the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024.

Implementation Guidelines for the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024.

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NIGERIAN UPSTREAM 
Applicable to all Oil & Gas Operators 
PETROLEUM REGULATORY 
COMMISSION 
GUIDELINES 
FOR THE DETERMINATION 
& MEASUREMENT 
OF | 
Code: Version 1 
HYDROCARBON 
LIQUIDS CONTENT 
IN NON-ASSOCIATED GAS | 
Revision Date: April 2024 
(NAG) FIELDS 
(iii) 
Where there are multiple injectors to a gas gathering line, gas treatment, 
conditioning or processing facility, each injector shall install 
a measurement system for 
both flow, flow components (liquid and gas) and composition analysis approved by the 
Commission. 
5. 
REPORTING REQUIREMENTS 
For the purposes of these incentives, the Commission shall require the following reports 
on a 
in field-by-field basis to be submitted in a format prescribed by the Commission: 
(i) 
Daily & Monthly Reports of wet raw natural gas shall account for both the 
gaseous phase in MMSCF and the liquid phase in BBL. 
(ii) 
Daily & Monthly Reports of Dry Marketable natural gas in MMSCF 
(iii) Daily 
& Monthly 
Reports 
of 
Natural Gas 
Liquids 
& Condensates 
in 
BBLs, 
separately and collectively for field and plant condensates. 
(iv) Daily and Monthly NGL Yield (in bbls per MMSCF of Raw Wet Gas) and Wet Gas 
shrinkage (vol of Dry marketable gas per vol of Raw feed gas) Reports. 
(v) Where there are Injectors to a gas gathering line, all injectors shall be required 
to comply with all the above reporting requirements. 
(vi) These requirements shall also apply to all injectors of natural gas (AG or NAG) 
to gas conditioning, extraction, or processing facilities. 
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