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

Page 73 of 101
 
 
Page | 73 
 
approval of the Authority, practices conforming with international best 
standards shall be observed. 
145. (1) The following Regulations are hereby revoked —  
(a) Midstream 
and 
Downstream 
Petroleum 
Operations 
Regulations 2023 
(b) Petroleum Measurement Regulations 2023; 
(c) Petroleum (Transportation and Shipment) Regulations 2023; 
(d) Assignment or Transfer of Licence and Permit Regulations 
2023; 
(e) Midstream and Downstream Penalties and Enforcement 
Mechanisms Regulations 2023; 
(f) Petroleum Refining Regulations 1974. 
 
(2) Any Regulations administered by the defunct Department of 
Petroleum Resources in respect of midstream and downstream 
petroleum operations are hereby revoked, provided that where 
such Regulations also make provisions for upstream petroleum 
operations, then only the provisions in respect of midstream and 
downstream petroleum operations are revoked. 
(3)  The revocation of the Regulations specified in sub regulations (1) 
and (2) of this regulation shall not affect anything done or 
purported to be done under the revoked Regulations. 
Revocation 
and Savings 
146. In these Regulations-  
 
“accuracy” means the ability of the measurement instrument to indicate 
value closely approximately the true value; 
"accredited laboratory" means a laboratory recognised and authorised 
by the Authority to perform calibration of measurement equipment or 
devices;  
"allocation" means an allotment of petroleum, petroleum liquids and 
natural gas within production facilities, pipelines, processing facilities, and 
storage facilities;  
"allocation system" means methods, measurements and estimates used 
for the allocation of petroleum and appurtenant documentation and 
procedures; 
“acquisition” means a corporate transaction where one company 
purchases all or a substantial interest, portion, shares, or facility of another 
company, such that the acquired company becomes a subsidiary or 
division of the acquiring company; 
Interpretation