Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
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Page | 60 the relevant area shall not be withheld on the grounds that the information is confidential or interpretational. (4) The submission of records by a licensee or permit holders to the Authority in the specified format shall be a discharge of its obligations to submit data to the Authority under the Act and regulations made thereto. (5) Records which are required to be provided to the Repository under these Regulations or the Act shall be provided by the licensee or permit holder at no cost to the Authority. (6) The Repository shall charge fees for the storage and handling of fluid samples at designated storage facilities. 110. Information submitted to the Repository by a licensee or permit holder shall, except as otherwise provided by these Regulations, be treated by all public officers and other authorities entitled to the information as confidential, provided that, no information shall be regarded as confidential, immediately after the expiration of the period specified in guidelines issued by the Authority. Data Confidentiality Period 111. Data held by the Repository may be released to the public, after the expiration of the confidentiality period, upon payment of prescribed fees. Data Release Schedule CHAPTER 11 DISPOSAL OF CONFISCATED MATERIALS AND EQUIPMENT 112. (1) As provided under the Act, the Authority shall have powers to confiscate and dispose of materials and equipment used by persons engaging in specified activities under the Act without a valid licence or permit. (2) Where a set of materials and equipment have been confiscated under sub regulation (1), the Authority shall dispose of the materials and equipment not later than 12 calendar months from the date of confiscation. Power to confiscate and dispose 113. (1) Upon confiscation of materials and equipment, the Authority shall cause an ex parte application to be made to the Federal High Court for an interim order forfeiting the property concerned to the Federal Government. (2) Where the Court is satisfied that there is prima facie evidence that the materials and equipment concerned are liable to forfeiture, it shall grant an interim order forfeiting the property to the Federal Government. Interim Forfeiture Order
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