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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Duty to submit a decommissioning plan by new licencee 7. A new licencee shall submit to the Authority a decommissioning and abandonment plan in accordance with the Act and these regulations as part of the application for a licence to construct a midstream or downstream facility such as pipelines, storage tanks, petroleum products tank farms and jetties, processing or other facilities. Requirement for establishment of annual contributions to a decommissioning fund in the decommissioning plan 8. A decommissioning and abandonment plan submitted pursuant to these regulations by an existing or new licencee shall state the annual amount to be contributed to the respective decommissioning and abandonment fund set up by the licencee in respect of any Midstream and Downstream petroleum operations that these regulations apply. 9. The annual contribution provided for in a decommissioning and abandonment plan may, subject to the approval or directives of the Authority be reviewed from time to time as required during the period of the licence or until the cessation of petroleum operations to which the plan relates. Requirements of a decommissioning and abandonment plan 10. A decommissioning and abandonment plan shall be in accordance with good international petroleum industry practice, and guidelines issued by the Authority, provided that where applicable the guidelines shall meet the standards prescribed by the International Maritime Organisation on offshore petroleum installations and structures. Approval of a decommissioning and abandonment plan 11. (1) A decommissioning and abandonment plan submitted pursuant to Regulation 6 which meets the requirements of Regulation 10 shall be approved by the Authority. (2). A decommissioning and abandonment plan submitted pursuant to Regulation 7 which meets the requirements of Regulation 10 shall be deemed approved by the Authority upon the grant of licence to construct the facility to which the plan relates. (3). A decommissioning and abandonment plan approved by the Authority shall from the effective date of the grant of approval, govern any decommissioning and abandonment program or activity relating to the Midstream and Downstream petroleum operations to which the plan relates. Provision to Update a Decommissioning and Abandonment Plan 12 The licencee may prior to the commencement of the execution of the decommissioning and abandonment programme propose and submit to the Authority an update to the approved decommissioning and abandonment plan. The Authority shall review and approve the proposed update where it meets the requirements of Regulation 10.
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