Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 56 of 101
Page | 56 99. (1) A licence, permit or authorisation and any exemption granted under the Act shall be prepared in duplicate and one original shall be delivered to the holder of the licence, permit or authorisation and the other original shall be retained by the registrar which shall be bound up in a book of the appropriate series within its register and serially numbered. (2) The register referred to in Section 219 of the Act shall also be kept in an electronic format and an electronic copy of a licence, permit, authorisation or exemption shall be forwarded to the holder of a licence, permit or authorisation. (3) The Authority shall require an acknowledgement of the receipt of a copy of the licence, permit or authorisation or exemption from the person accepting such licence, permit, authorisation, or exemption in the form prescribed by the Authority in guidelines Procedure for registration of licences, permits and authorisations 100. (1) A register shall contain the following details regarding a licence, permit, authorisation, or exemption, where applicable – (a) the serial number of the licence, permit, authorisation, or exemption; (b) the name of the holder; (c) the name of the operator of the facility, if different from the holder of the licence, permit, authorisation or exemption; (d) the date of grant; (e) the date of entry into the register; (f) the duration; (g) information on whether the licence, permit, authorisation, or exemption has been modified, amended, renewed, assigned, expired, surrendered, suspended, revoked, withdrawn terminated or cancelled; (h) the participating interests in the licence, permit, authorisation or exemption; (i) a record of any debenture, mortgage, loan, lien, appointment of a receiver/manager or other obligation in respect of the facility and the holder of the licence, permit, authorisation or exemption; (j) a record of any sanction or penalty imposed on the holder of the licence, permit, authorisation, or exemption; and (k) any other information that the Authority may from time to time determine. (2) The register shall also contain information on the beneficial owner of the licence, permit, authorisation, or exemption. Contents of register
RegulationsPDF56