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

Page 58 of 101
 
 
Page | 58 
 
iii. 
consent or approval of the Authority, and 
iv. 
signed mortgage deed by a person authorised to sign for 
the company or in accordance with a power of attorney 
signed by a person authorised to sign for the company. 
(d) in connection with assignment and transfer of licence or permit, 
the consent of the Authority  
(2) The notice by the holder of licence, permit, authorisation, or exemption 
arising from any change shall be given to the Authority not later than 21 
days of such approval by the approving authority 
 
(3) The Authority shall update the appropriate register within 30 days of 
the receipt of such notice 
CHAPTER 10 
DATA REPOSITORY 
 
106. (1) There is established in the Authority the Midstream and 
Downstream Petroleum Data Repository (Repository). 
 
(2) The Repository shall be located in Abuja, Nigeria or any other location 
as the Authority Chief Executive may direct. 
 
Establishment of 
the Midstream 
and Downstream 
Petroleum Data 
Repository 
107. The Repository shall - 
(a) serve as the technical data centre for the midstream and 
downstream petroleum industry in Nigeria; 
(b) provide a platform for the timely and holistic submission of data 
by holders of midstream and downstream petroleum licences or 
permits; 
(c) carry out storage, management, transfer, quality control and 
validation of all data and materials submitted to it; 
(d) ensure data preservation, value maximisation and compliance 
with these Regulations, standards and procedures as may be 
prescribed from time to time; 
(e) serve as a digital platform to improve interaction between the 
Government and the Industry and provide digital data and 
technical support for midstream and downstream activities; 
(f) provide a digital platform for the reporting and monitoring of all 
data transactions including but not limited to data acquisition, 
marketing evaluation and re-processing by companies licensed 
by the Authority; 
Functions of 
the Repository