Library / B 2103 Federal Republic of Nigeria Official Gazette No. 205
B 2103 Federal Republic of Nigeria Official Gazette No. 205

Page 43 of 82
B 2145
(a)  obligations, financial or otherwise relating to the licence or permit are
settled;
(b)  environment and public safety are not jeopardised by the surrender;
and
(c)  licensee or permit holder has made appropriate arrangements for the
cessation of activities including the decommissioning of facilities, rehabilitation
of sites and settlement of obligations to employees.
(4)  Upon receipt of the application for surrender, the Authority may request
from the licensee or permit holder, additional information, documents or actions
necessary to ensure a safe discontinuation of the licensed or permitted activity.
(5)  The Authority may direct the licensee or permit holder to engage with
its stakeholders prior to the surrender of its licence or permit.
(6)  The Authority shall notify the licensee or permit holder of its approval
or refusal within 90 days of receipt of the application.
(7)  Where the Authority fails to communicate its decision to the licensee
or permit holder within 90 days, the application of the licensee or permit holder
shall be deemed approved.
90.—(1)  A licensee or permit holder whose application for surrender is
approved by the Authority shall —
(a)  immediately cease operations under the surrendered licence or permit;
(b)  comply with its decommissioning and abandonment plan, where
applicable;
(c)  comply with its environmental remediation plan, where applicable; and
(d)  within seven days of the approval of its application, return the original
licence or permit to the Authority for cancellation.
(2) The surrender of a licence or permit shall not release the licensee or
permit holder from any existing obligation or liability under the licence or permit
unless the release is approved by the Authority in writing.
91.   The Authority shall, within 60 days of the effective date of the surrender,
publish a notice including particulars of the surrendered licence or permit on its
website.
PART IX — SEPARATION OF LICENSED ACTIVITIES
92.—(1) Except in accordance with the Act, a person shall not undertake
upstream, midstream and downstream petroleum activities using the same
company.
(2)  Notwithstanding sub regulation (1) of this regulation, a company may,
with the prior approval of the Authority, hold a licence or permit for both midstream
and downstream petroleum operations.
(3)  A licensee or permit holder shall carry out only the specific activities
for which its licence or permit was issued.
Obligations
and
consequences
upon
surrender
Publication
of surrender
Prohibition
of
overlapping
activities