Library / MIDSTREAM AND DOWNSTREAM PETROLEUM DATA DEPOSITORY REGULATIONS, 2023
MIDSTREAM AND DOWNSTREAM PETROLEUM DATA DEPOSITORY REGULATIONS, 2023
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PETROLEUM INDUSTRY ACT, NO. 6, 2021
MIDSTREAM AND DOWNSTREAM PETROLEUM DATA DEPOSITORY REGULATIONS, 2023
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Commencement
In the exercise of the powers conferred on it by sections 32 (gg), (mm), (pp)
and 33 of the Petroleum Industry Act, No. 6, 2021 (“the Act”) and all other
powers enabling it in that behalf, the Nigerian Midstream and Downstream
Petroleum Regulatory Authority (the “Authority”), makes the following
Regulations –
1. The objectives of these Regulations are to –
(a) establish the midstream and downstream petroleum data
repository in the Authority;
(b) provide the procedure for the submission, collection and
management of technical data in the Repository; and
(c) provide sanctions and penalties for failure to comply with these
regulations.
Objectives
2. These Regulations shall apply to the submission, collection and
management of technical and commercial data in the midstream and
downstream oil and gas industry in Nigeria.
Application
3. (1) There is established in the Authority the Midstream and Downstream
Petroleum Data Repository (Repository).
(2) The Repository shall be located in Abuja, Nigeria or any other location as
the Authority Chief Executive may direct.
Establishment of
the
Midstream
and Downstream
Petroleum
Data
Repository
4. The Repository shall-
(a) serve as the technical data centre for the midstream and
downstream petroleum industry in Nigeria;
(b) provide a platform for the timely and holistic submission of data by
holders of midstream and downstream petroleum licenses or
permits;
(c) carry out storage, management, transfer, quality control and
validation of all data and materials submitted to it;
(d) ensure data preservation, value maximization and compliance with
these Regulations, standards and procedures as may be prescribed
from time to time,
Functions of the
Repository
RegulationsPDF3