Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 83 of 101
Page | 83 “merger” means the fusion of two or more companies into one new legal entity; “Metering and Data Collection Standards” means flare gas Metering and Data Collection Standards and requirements issued by the Authority; "metering system" means the meters, prover, instrument part, sampling system, flow computer, and other auxiliary equipment; “Midstream and Downstream Gas Operations” has the meaning ascribed to it in the Act; “Midstream and Downstream Petroleum Liquids Operations” has the meaning ascribed to it in the Act; "Minister" has the meaning ascribed to it in the Act; “MMSCFD” means million standard cubic feet per day "Mobile Plant" includes both portable and transportable plants or units; “Modification” includes expansion, rehabilitation, refurbishment, revamping, upgrading; “MT” means metric tonnes and is equivalent of 1000Kg; “N+1” means the representation of an additional system to serve as redundancy; “NACE”, means the National Association of Corrosion Engineers (NACE). "Natural gas" has the meaning ascribed to it in the Act; "Natural gas" means gas obtained from boreholes and wells and consisting primarily of hydrocarbons; “Natural gas conditioning or refining plant” means processing of natural gas to achieve transport and sales specifications “Natural Gas Liquids” or “NGL” has the meaning ascribed to it in the Act; “Network” means a set of interconnected pipelines; “Network operations” means the operation of a set of interconnected transportation infrastructure “NGN” means Nigerian Naira; “offence’’ means an illegal act, activity or breach of the Act, regulations, notices or directives made by the Authority;
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