Library / Midstream and Downstream Petroleum Fees Regulations 2024
Midstream and Downstream Petroleum Fees Regulations 2024

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B  862
Interpretation
(a)  Petroleum Measurement Regulations No. 4, 2023;
(b)  Assignment or Transfer of Licence and Permit Regulations
No. 6, 2023;
(c)  Midstream and Downstream Petroleum Operations Regulations
No. 8, 2023;
(d)  Gas Distribution Systems Regulations No. 9, 2023;
(e)  Midstream Gas Flare Regulations No. 11, 2023;
(f )  Gas Trading and Settlement Regulations No. 12, 2023; and
(g)  Midstream and Downstream Environmental Regulations
No. 34, 2023.
(2)  The fees prescribed in the Petroleum (Drilling and Production)
(Amendment) Regulations No. 155, 2019 shall cease to apply to midstream
and downstream petroleum operations and activities.
8. In these Regulations —
“Act” means the Petroleum Industry Act, No. 6, 2021;
“authorisation” has the meaning ascribed to it in the Act;
“Authority” means the Nigerian Midstream and Downstream Petroleum
Regulatory Authority;
“Authority Fund” has the meaning ascribed to it in the Act;
“BBL” means barrels;
“BBL/D” means barrels per day;
“BPSD” means barrel per stream day;
“BSCF/D” means Billion Standard Cubic Feet per day;
“licence” has the meaning ascribed to it in the Act;
“licensee” has the meaning ascribed to it in the Act;
“Midstream and Downstream Gas Infrastructure Fund” has the
meaning ascribed to it in the Act;
“Midstream and Downstream Gas Operations” has the meaning
ascribed to it in the Act;
“Midstream and Downstream Petroleum Operations” has the meaning
ascribed to it in the Act;
“MMSCFD” means million standard cubic feet per day;
“Mscf” means thousand standard cubic feet;
“natural gas” has the meaning ascribed to it in the Act;
“NGN” means Nigerian Naira;
“NGN equivalent” means the Central Bank of Nigeria prevailing rate
on the date of payment;
“permit” has the meaning ascribed to it in the Act;
“petroleum liquids” has the meaning ascribed to it in the Act;
“petroleum products” has the meaning ascribed to it in the Act and
shall in accordance with the Act include transportation fuels;