Library / Midstream and Downstream Petroleum Operations Regulations 2025
Midstream and Downstream Petroleum Operations Regulations 2025

Page 48 of 82
B  2150
107.—(1)  A licensee or permit holder shall notify the Authority of any change
that occurs in its structure and the notice shall contain, in the case of a —
(a) change of company name, a certified true copy of the certificate of
incorporation from the  Corporate Affairs Commission showing the new name
of the company; and
(b)  mortgage of a facility under the Authority’s licence or permit, the —
(i)  Authority’s letter of no objection to the transaction,
(ii)  certified true copy of the mortgage bond or mortgage deed, and
(iii)  certified true copy of the certificate of registration of the mortgage.
(2)  A notice under subregulation (1) of this regulation shall be submitted to
the Authority not later than 21 days from the date of the approval of the change
by the relevant  approving authority.
(3)  The Authority shall update the appropriate register within 90 days of
the receipt of such notice.
PART XII — DATA REPOSITORY
108.  There is established in the Authority the Midstream and Downstream
Petroleum Data Repository (‘‘Repository’’).
109.  The Repository shall —
(a)  serve as the data centre for the midstream and downstream petroleum
industry in Nigeria;
(b)  provide a platform for the timely and holistic submission of data by
holders of midstream and downstream petroleum licences or permits;
(c)  carry out storage, management, transfer, quality control and validation
of data and materials submitted to it;
(d)  ensure data preservation, value maximisation and compliance with
these Regulations, standards and procedures as may be prescribed by the
Authority;
(e)  serve as a digital platform to improve interaction between the
Government and the industry and provide digital data and technical support
for midstream and downstream petroleum activities;
(f )  provide a digital platform for the reporting and monitoring of data
transactions, including data acquisition, marketing evaluation and re-processing
by companies licensed by the Authority;
(g)  provide adequate monitoring and regulatory tools for the Authority;
(h)  provide geographic information management system and satellite
information processing capabilities for the development and monitoring of
midstream and downstream petroleum facilities and operations;
Establishment
of the
Midstream
and
Downstream
Petroleum
Data
Repository
Duty to
notify the
Authority of
change in
structure
Functions
of  the
Repository