Library / Extraordinary Federal Republic of Nigeria Official Gazette Lagos - 3rd March, 2023
Extraordinary Federal Republic of Nigeria Official Gazette Lagos - 3rd March, 2023
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S. I. No. 8 of 2023 PETROLEUM INDUSTRY ACT, NO. 6, 2021 MIDSTREAM AND DOWNSTREAM PETROLEUM OPERATIONS REGULATIONS, 2023 [9th Day of February, 2023] In exercise of the powers conferred on it by sections 33, 125(3) and 174(3) of the Petroleum Industry Act, No. 6, 2021 (“the Act”) and all other powers enabling it in that behalf, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (“the Authority”), makes the following Regulations — Parr | —- GENERAL PROVISIONS 1. The objectives of these Regulations are to — (a) regulate the operations of companies in the Nigerian midstream and downstream petroleum sector ; (hb) provide procedure for the grant of licences, permits, authorisations and payment of fees ; and (c) provide sanctions and penalties for failure to comply with these Regulations. 2. These Regulations applies to operations in the midstream and downstream petroleum sector. 3.—(1) Subject to the provisions of these Regulations, an application fora licence, permit or authorisation to undertake any of the operations under these Regulations shall be made in a form prescribed ina guidelines or directions issued by the Authority. (2) A licence issued pursuant to these Regulations shall expire on the 31st December of the year issued, except otherwise stated in the licence, (3) Without prejudice to subregulation (2) of this regulation, where there is a modification of a facility with change in capacity or product slate on or before the 31st of December, the subsisting licence shall become invalid, and a new licence shall be issued. (4) An application for renewal of a licence, permit or authorisation shall be made not less than 30 days, or such longer period as the Authority may prescribe, before the expiration of the original licence and in a manner prescribed by the Authority. (5) A licensee or permit holder shall obtain requisite approvals from the Authority prior to the commencement of any petroleum operation. B71 Commence- ment. Objectives. Application. Application for licence, permit or authorisation,
RegulationsPDF20232023-034