Section 12 Petroleum Industry Act 2021 Section 12 Petroleum Industry Act 2021 is about Functions of the Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The Board of the Commission shall-(a) be responsible for the formulation of policy, supervision and giving strategic direction…

Section 11 Petroleum Industry Act 2021 Section 11 Petroleum Industry Act 2021 is about Governing Board of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) There is established a Governing Board (in this Act referred to as “the Board of the Commission”) which shall…

Section 10 Petroleum Industry Act 2021 Section 10 Petroleum Industry Act 2021 is about Powers of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The Commission shall have power to–(a) enforce the provisions of m1y-(i) regulation made with respect to upstream petroleum operations,(ii) regulations, policies…

Section 9 Petroleum Industry Act 2021 Section 9 Petroleum Industry Act 2021 is about functions of the Commission for frontier basins. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) The functions of the Commission with respect to frontier basinsshall be to–(a) promote the exploration of the…

Section 8 Petroleum Industry Act 2021 Section 8 Petroleum Industry Act 2021 is about Commercial regulatory functions of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The commercial regulatory functions of the Commission shall be to-(a) review and approve the commercial aspects of field development…

Section 7 Petroleum Industry Act 2021 Section 7 Petroleum Industry Act 2021 is about Technical regulatory functions of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The technical regulatory functions of the Commission include to——(a) enforce, administer and implement laws, regulations and policies relating to…

Section 6 Petroleum Industry Act 2021 Section 6 Petroleum Industry Act 2021 is about Objectives of the Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The objectives of the Commission shall be to——(a) regulate upstream petroleum operations including technical, operational and commercial activities;(b) ensure compliance with…

Section 5 Petroleum Industry Act 2021 Section 5 Petroleum Industry Act 2021 is about Application of this Part. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. The objects and functions of the Commission in this Part are limited to upstream petroleum operations.

Section 4 Petroleum Industry Act 2021 Section 4 Petroleum Industry Act 2021 is about Establishment of the Nigerian Upstream Regulatory Commission. It is under Part III (The Commission) of Chapter 1 (Governance and Institutions) of the Act. (1) There is established the Nigerian Upstream Petroleum Regulatory Commission (in this Act referred to as “the Commission”)…

Section 3 Petroleum Industry Act Section 3 Petroleum Industry Act 2021 is about Powers of the Minister. It is under Part II (Minister of Petroleum) of Chapter 1 (Governance and Institutions) of the Act. (1)—–The Minister shall-(a) formulate, monitor and administer government policy in the petroleum industry;(b) exercise general supervision over the affairs and operations…