Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 59 of 101
Page | 59 (g) provide adequate monitoring and regulatory tools for the Authority; (h) provide geographic information management system and satellite information processing capabilities for the development and monitoring of midstream and downstream petroleum facilities and operations; (i) support the use of predictive analytics and artificial intelligence and promote experimental research and development projects in the industry to optimise midstream and downstream petroleum activities; and (j) perform such other functions and responsibilities which may promote the development of midstream and downstream petroleum operations in Nigeria. 108. (1) The sources of revenue of the Repository shall include — (a) transaction and service fees; (b) gifts in kind or cash received by the Repository from the petroleum industry in the support of the Repository; (c) funds and grants accruing from multilateral agencies, bilateral institutions and related sources dedicated partly or wholly for the development of data repositories; and (d) any other sum freely donated or accruing to the Repository for the development of the Repository. (2) Fees, charges, and revenues accruable to the Repository under this regulation shall be used for the operation, maintenance and development of the Repository. (3) The Repository may grant discounts or waivers on transaction or service fees to subscribers based on published and clear criteria. Revenue of the Repository 109. (1) All records, including but not limited to reports, data, samples, fluid samples, plans, maps, charts, crude oil assay, accounts, materials and information which are required to be provided to the Authority under the Act, Regulations or any other law shall be submitted by the holder of a midstream and downstream licence or permit to the Repository in a standard and format specified by the Authority. (2) All data derived from project performance monitoring and cost benchmarking in the midstream and downstream petroleum industry shall be archived in the Repository. (3) Information required under these Regulations to be submitted to the Repository in relation to work done or progress of petroleum operations in Data Submission
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