Govt to address environmental concerns in petroleum exploration
26 July 2023 |
4:02 am
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced four fresh regulations aimed at tackling environmental concerns in the midstream and downstream segments of the nation’s petroleum industry.
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has introduced four fresh regulations aimed at tackling environmental concerns in the midstream and downstream segments of the nation’s petroleum industry.
NMDPRA said the development is in line with the Petroleum Industry Act (PIA). The regulator, while stressing that development would address environmental and safety concerns in the midstream and downstream petroleum sector, said the specific regulations include the Midstream and Downstream Petroleum Environmental Regulation 2023.
According to NMDPRA, the regulation is designed to ensure that environmental standards and practices are upheld across midstream and downstream petroleum operations.
NMDPRA said the second regulation, Midstream and Downstream Petroleum Safety Regulation 2023, places priority on safety measures and procedures in the midstream and downstream sectors.
The regulator added that the Midstream and Downstream Decommissioning and Abandonment Regulation 2023 outlines the requirements and procedures for the decommissioning and abandonment of petroleum facilities.
The Midstream and Downstream Environmental Remediation Fund Regulation 2023, also released by the NMDPRA, sets out the establishment and financial contribution of the Fund for Midstream and Downstream Operations.
NMDPRA said the fund is aimed at providing resources for the cleanup, rehabilitation, or management of negative environmental impact from petroleum operations nationwide.
The regulator stated further that the regulations would enhance value, create an enabling environment, and deepen activities in the midstream and downstream sectors for the benefit of Nigerians.
The agency, however, called on market operators to adhere strictly to the regulations.
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