Library / B 827 Federal Republic of Nigeria Official Gazette No. 109
B 827 Federal Republic of Nigeria Official Gazette No. 109

Page 3 of 18
B 829
PETROLEUM INDUSTRY ACT, NO. 6, 2021
MIDSTREAM AND DOWNSTREAM DECOMMISSIONING AND
ABANDONMENT REGULATIONS, 2023
ARRANGEMENT OF  REGULATIONS
Regulations :
PART I — OBJECTIVES AND APPLICATION
1. Objectives
2. Application
PART II — REQUIREMENTS FOR A DECOMMISSIONING AND ABANDONMENT PLAN
3. Decommissioning and Abandonment Plan
4. Pre-existing Plan
5. Duty to submit a Plan by existing licensee
6. Duty to submit a Plan by new licensee
PART III — REQUIREMENT FOR ESTABLISHMENT OF ANNUAL CONTRIBUTION TO A
DECOMMISSIONING FUND IN THE DECOMMISSIONING PLAN
7. Annual contribution to the Fund
8. Timeline for review of annual contribution
PART IV — APPLICATION AND APPROVAL FOR PLAN AND PROGRAMME
9. Decommissioning and abandonment philosophy
10. Approval of a Plan
11. Provision to update a Plan
12. Application for decommissioning and abandonment programme
13. Approval of an application for a Programme
14. Rejection of an application for a Programme
15. Requirement for public consultation
16. Report of the public consultations
17. Execution of a Programme
18. Changes to the approved Programme
19. Post-completion of Programme
20. Mandatory decommissioning and abandonment
PART V– ENFORCEMENT AND RECOVERY
21. Enforcement by the Authority
22. Restrictions on the disposal of revoked assets