NAIRAMETRICS
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced four new regulations for oil and gas operators in the Nigerian petroleum industry.
This was made known in a recent statement signed by Kimchi Apollo, the Authority’s General Manager in charge of Corporate Communications and Stakeholders’ Management.
Mr. Apollo wrote that the regulations would address environmental and safety concerns in Nigeria’s midstream and downstream petroleum sectors.
According to the statement, the new regulations will enhance value, create an enabling environment and deepen activities in the midstream and downstream sectors for the benefit of Nigerians.
“Therefore, market operators are hereby advised to adhere strictly to these regulations,” a part of the statement read. The regulations and their functions are as follows:
- The Midstream and Downstream Petroleum Environmental Regulation, 2023, will ensure that environmental standards and practices are upheld across midstream and downstream petroleum operations.
- The Midstream and Downstream Petroleum Safety Regulation, 2023, will prioritize safety measures and procedures in the midstream and downstream sectors.
- The Midstream and Downstream Decommissioning and Abandonment Regulation, 2023, outlines the requirements and procedures for the decommissioning and abandonment of petroleum facilities in the midstream and downstream sectors.
- The Midstream and Downstream Environmental Remediation Fund Regulation, 2023, sets out the establishment and financial contribution of the fund for midstream and downstream operations.
