Library / Page 1 of 67 MIDSTREAM AND DOWNSTREAM PETROLEUM SAFETY AND ENVIRONMENTAL REGULATIONS, 2025
Page 1 of 67 MIDSTREAM AND DOWNSTREAM PETROLEUM SAFETY AND ENVIRONMENTAL REGULATIONS, 2025
Page 59 of 67
Page 59 of 67 “Fixed contribution” means the fixed contribution in USD per day, as determined in accordance with the Schedule to these Regulations; “Gas” or “natural gas” means gas consisting of hydrocarbons; “GCR” means gross cash recovery; “Hazardous waste” means waste material with characteristics that make it dangerous or capable of causing a harmful effect to the environment and human health; “High risk” means areas prone to high level of hazard; “HSE” means Health Safety and Environment; “HSE Clearance” means a clean bill certification issued to a licensee who has met all health, safety and environmental standards as determined by the Authority, prior to issuance of licences and authorisations or renewal of same; “Hydrocarbon” means crude oil, natural gas, petroleum products; “Integrity Operating Windows” means the limits under which a machine can operate safely; “LCR” means Liquidity Coverage Ratio; “LEL” means Lower Explosive Limit; “LNG” means Liquified Natural Gas; “LTC” means Licence to Construct; “LTE” means Licence to Establish; “LTO” means Licence to Operate “mSv” means millisievert; “manager" means a person appointed by a licensee pursuant to these Regulations; ‘’Med-evac System’’ means medical evacuation system and refers to a system of evacuating person(s) to a medical facility using air transport such as helicopter or an aeroplane. “Midstream or Downstream Capital Expenditure” means the expenditure, characterised as expenditure of capital nature under the Companies Income Tax Act, Cap. C21, Laws of the
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