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

Page 63 of 82
B 2165
(c)  Petroleum (Transportation and Shipment) Regulations, No. 3, 2023;
(d)  Assignment or Transfer of Licence and Permit Regulations, No. 6,
2023;
(e)  Midstream and Downstream Penalties and Enforcement Mechanisms
Regulations, No. 14, 2023;
(f )  Midstream Gas Flare Regulations, No. 20, 2023;
(g)  Petroleum Refining Regulations, No. 45, 1974; and
(h)  Petroleum Regulations, No. 71, 1967.
(2)  The provisions of any regulations administered by the defunct
Department of Petroleum Resources in respect of midstream and downstream
petroleum operations are revoked.
(3)  The revocation of the Regulations specified in subregulations (1) of
this regulation and the provisions of the regulation referred to in subregulation
(2) of this regulation shall not affect anything done or purported to be done
under the revoked Regulations or revoked provisions.
157.  In these Regulations —
“accredited laboratory” means a laboratory recognised and authorised by
the Authority for calibration of measurement equipment or devices;
“accuracy” means the ability of the measurement instrument to indicate
value within the acceptable range of deviation from the true value;
“acquisition” means a corporate transaction where one company purchases
all or a substantial interest, portion, shares or facility of another company;
“Act” means the Petroleum Industry Act, No. 6, 2021;
“administrative penalties” means monetary penalties that may be imposed
by the Authority on individuals or companies for failing to comply with
provisions of the Act, regulations, notices or directives made by the Authority;
“Advance Shipment Schedule” means a written submission to the Authority,
in the prescribed form made by a person who intends to carry out shipment,
lifting, discharge, import or export of natural gas or its derivatives, or petroleum
liquids;
“AGO” means Automotive Gas Oil;
“allocation” means an allotment of petroleum, petroleum liquids and natural
gas within production facilities, pipelines, processing facilities and storage
facilities;
“allocation system” means methods, measurements and estimates used
for the allocation of petroleum and appurtenant documentation and procedures;
“asset” means any facility, installation or system for measuring, processing,
transporting, storing, blending, distributing or handling of petroleum liquids,
natural gas or its derivatives;
“assignment” means the transfer of a licence or permit or an interest,
power or right in it by any company or person with equity, participating,
contractual or working interest in the licence or permit through merger,
Interpretation