Library / Midstream and Downstream Environmental Remediation Fund Regulations 2023

Midstream and Downstream Environmental Remediation Fund Regulations 2023

Page 12 of 12

B  856
SCHEDULE
Regulations 6 and 14
RATES FOR THE FINANCIAL CONTRIBUTION CALCULATION TABLE
Rates for the financial contribution for the midstream and
downstream petroleum operations
MADE at Abuja this 10th day of  May, 2023.
ENGR. FAROUK AHMED
Authority Chief Executive
Nigerian Midstream and Downstream
Petroleum Regulatory Authority
Location of
Contribu-
Rate for
Rate for
 Rate for
petroleum
tion in USD
annual
average
average
operation
per day (Fixed
Midstream
daily capacity
daily capacity
under a licence
Contribution)
or Downstream
for liquids in
for nastural
Capital
USD per
gas, in USD
Expenditure
bbl/day (LCR)
Mcf/day
(CER)
(GCR)
Onshore High-Risk
USD 40
0.0010%
USD 0.0020
USD 0.000200
Areas
Onshore – Other Areas
USD 32
0.0008%
USD 0.0010
USD 0.000100
Shallow Water –
High-Risk Areas
USD 24
0.0006%
USD 0.0005
USD 0.000050
Other Shallow
USD 16
0.0003%
USD 0.0002
USD 0.000020
Water Areas
Deep Water Areas
USD 8
0.0001%
USD 0.0001
USD 0.000010