Library / Midstream and Downstream Decommissioning and Abandonment Regulations Under Section 232 and 233 of the Petroleum Industry Act (2021). DRAFT DATE: 10/06/2022
Midstream and Downstream Decommissioning and Abandonment Regulations Under Section 232 and 233 of the Petroleum Industry Act (2021). DRAFT DATE: 10/06/2022
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(6) Where a failure to comply under Regulations 31(1), 31(2) and 31(3) extends for a period of more than one (1) year, the Authority shall cancel the licence pursuant to Section 32(i) of the Act. Exclusions 32. Authority shall from time to time determine licencees which may be excluded from the application of these Regulations and the Authority may make guidelines for the decommissioning and abandonment of such facilities which have been non-operational for period of 5 consecutive years. Interpretations 33. In addition to the definitions contained in the Petroleum Industry Act, 2021 the following definitions shall apply to these Midstream and Downstream Authority and Abandonment Regulations. “abandonment”, means the non-operation of a licenced midstream and downstream facility for a period of five (5) years; “Act” means Petroleum Industry Act, 2021; “Authority” means the Nigerian Midstream & Downstream Petroleum Regulatory Authority; “Standards prescribed by the International Maritime Organisation on offshore petroleum installations and structures”, means the Resolution of the International Maritime Organisation No. A672(16) of 19 October 1989 on the Guidelines and Standards for the Removal of Offshore Installations and Structures on the Continental Shelf and in the Exclusive Economic Zone, as amended. “United Nations Convention on the Law of the Sea”, means the United Nations Convention on the Law of the Sea of 10 December 1982, as amended; Short title 34 These Regulations may be cited as the Midstream and Downstream Decommissioning and Abandonment Regulations.
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