Library / Midstream and Downstream Decommissioning and Abandonment Regulations 2023
Midstream and Downstream Decommissioning and Abandonment Regulations 2023
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B 839 PART V— ENFORCEMENT AND RECOVERY 21. The Authority shall enforce compliance to the provisions of these Regulations in the following manner — (a) where a licence has expired, is surrendered, or terminated and no decommissioning and abandonment has been executed by the licensee, or where there is an unfulfilled decommissioning and abandonment obligation, the Authority shall require the former licensee to execute the decommissioning and abandonment in accordance with the previously approved Plan ; and (b) where a licence has been assigned or transferred by the licensee prior to the execution of any decommissioning and abandonment obligation provided for in a Plan, the obligation to execute the Plan relating to the licence shall be enforced against the transferee of the licence. Enforcement by the Authority 22.—(1) The Authority, where it revokes a licence, may — (a) impose restrictions on the disposal of the facility ; or (b) direct in writing that the licensee refrain from conducting as pecific Programme regarding the facility. (2) The former licensee under subregulation (1) shall, deliver the facility, in the present condition, to the third party designated by the Authority, and the licensee shall be relieved of any future obligation relating to decommissioning and abandonment of such facility and any remaining amount in the Fund shall be transferred to the Authority for the purpose of future decommissioning and abandonment of the facility. (3) The Authority shall, notwithstanding the provision of subregulation(2), take necessary action to recover from the former licensee any shortfall in contribution to the Fund where there is no designated third party and the licensee’s contribution is not sufficient to cover the cost of the Programme. PART VI—ASSET DATABASE 23.—(1) The Authority shall keep and maintain a database of midstream and downstream petroleum facilities or infrastructure onshore, swamp and offshore in Nigeria. (2) The database shall — (a) include a list of all installations, structures and pipelines used in the operations and their status ; (b) be a public document and be published on the website of the Authority ; and (c) be subject to annual review and update by the Authority. Restrictions on the disposal of revoked asset Database of installations, structure and asset
RegulationsPDF20232023-0613