Library / Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page | 1 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2024
Page 87 of 101
Page | 87 "sampling system" means a system for the collection of sample from the fluid flowing in a pipe; “SCF” means standard cubic feet “SCM” means standard cubic meters; “Shore Certificate” means a quantity certification that ascertains the final discharged quantity; "site acceptance test" means a test that is done on an equipment at the place of operation during commissioning; “Sold in Nigeria” means where a petroleum product or natural gas- a) is sold free on board in Nigeria; or b) is loaded or offloaded for sale within a wholesale point in Nigeria; or c) transaction emanates, occurs or is concluded in Nigeria or within its territorial waters; “Sparing philosophy” means the concept for providing additional equipment in parallel on working and standby modes to ensure a facility or plant continues to operate whenever the equipment fails “start-up” means the act of starting a process, an equipment, system or a plant or facility; “strategic operational reason” means consideration to certain operations but not limited to relieving devices, blow down, facility start up and testing; “takeover” means a transfer or purchase of the shares of a publicly listed company by a person which gives the person control over management and affairs of the company; “Technical and safety reviews” means studies conducted to address adequacy of plant configuration and design safety “Technology adaptation” means process for the adoption of a new, novel or unidentified technology, method or system through technical verification “terminal” has the same meaning ascribed to it in the Act; “testing” means the act of examining or validating the integrity of an equipment, system or a facility during operation;
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