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

Page 52 of 82
B  2154
118.—(1)  The Authority shall within 180 days from the commencement
of these Regulations, cause to be opened a Register of confiscated materials and
equipment where a record of confiscated materials and equipment existing prior
to the commencement of these Regulations shall be kept.
(2)  Upon opening the Register provided in subregulation (1) of this
regulation, any material or equipment confiscated by the Authority pursuant to
its powers under the Act, shall be recorded in the Register within 90 days of
confiscation.
(3)  The following information shall be recorded in the Register in respect
of each confiscated material or equipment —
(a)  name of owner, if available;
(b)  date of confiscation;
(c)  description of property, for ease of identification;
(d)  quantity of material or equipment;
(e)  category of material or equipment, whether fixtures, fittings or
petroleum liquids;
(f )  reason for confiscation;
(g)  location of material or equipment; and
(h)  unique identification code assigned by the Authority.
    (4)
A unique identification code assigned to a material or equipment may
only be removed after it is sold, scrapped or otherwise disposed of.
(5)  The Authority shall take annual inventory of the Register and the result
of the physical count of the materials or equipment shall be reconciled with the
records in the Register.
119.—(1)  The Authority shall constitute a Disposal Committee comprising
officers of the Authority.
(2) The Disposal Committee shall coordinate the disposal of confiscated
materials and equipment.
(3) The Authority may engage the services of external experts to address
any skill-gap in the disposition of confiscated materials and equipment.
(4)  The Authority shall consult with relevant agencies and stakeholders to
determine the value of the confiscated material and equipment before disposal.
(5)  The Disposal Committee shall keep records of its activities and submit
a report upon completion of any disposal exercise.
120. Confiscated materials and equipment pursuant to the enabling
provisions of the Act, shall be disposed of on an as-is basis and in accordance
with the disposal procedure provided in these Regulations.
Register of
confiscated
materials and
equipment
Disposal
procedure
Disposal
Committee