Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024

Page 51 of 101
 
 
Page | 51 
 
cessation of activities including but not limited to 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 also direct that the licensee or permit holder 
undertake an engagement with its stakeholders prior to the surrender of 
its licence or permit. 
 
(6) 
The Authority shall review the application and notify the licensee 
or permit holder of its approval or refusal within 90 days of receipt of the 
application. 
Where the Authority does not communicate its decision to the licensee or 
permit holder within 90 days, the application of the licensee or permit 
holder shall be deemed to have been approved. 
87. (1) A licensee or permit holder whose surrender application is 
approved by the Authority, shall: 
(a) Immediately cease all operations under the surrendered licence 
or permit; 
(b) comply with decommissioning and environmental remediation 
plan; and 
(c) within 7 days of the approval of its application, return the original 
licence or permit to the Authority for cancellation. 
The surrender of a licence or permit shall not absolve the licensee or 
permit holder of any existing obligations or liabilities incurred under the 
licence or permit unless approved by the Authority in writing. 
Obligations 
and 
Consequence
s upon 
Surrender 
88. The Authority shall, within 30 days of the effective date of the surrender, 
publish a notice including particulars of the surrendered licence or permit 
on its website. 
Publication of 
Surrender 
CHAPTER 7 
SEPARATION OF LICENSED ACTIVITIES AND SURRENDER OF LICENCE OR 
PERMIT 
 
89. (1) In accordance with the Act, a person shall not undertake 
upstream, midstream and downstream petroleum activities with the 
same company. 
Prohibition of 
Overlapping 
Activities