PETROLEUM ACT

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PETROLEUM ACT

CHAPTER P10 LAWS OF THE FEDERATION OF NIGERIA, L.F.N. 2004

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ARRANGEMENT OF SECTIONS 

1. Vesting of petroleum in the State, etc.
2. Oil exploration licences, oil prospecting licences and oil mining leases
3. Refineries
4. Control of petroleum products.
5. Offences in connection with the distribution of petroleum products
6. Price control.
7. Rights of pre-emption.
8. Power and duties of public officers.
9. Regulations.
10. Discharge of obligation to make payments.
11. Settlement of disputes by arbitration.
12. Delegation of powers.
13. Offences.
14. Repeals, amendments, transitional and savings provisions.
15. Interpretation.
16. Short title and commencement.

Schedules 

First Schedule – Oil exploration licences, oil prospecting licences and oil mining leases 

Second Schedule – Rights of pre-emption

Third Schedule – Repeals 

Fourth Schedule – Transitional and savings provisions

Subsidiary Legislations

1. Minerals Oils (Safety) Regulations.
2. Petroleum Regulations.
3. Petroleum (Drilling and Production) Regulations.
4. Petroleum Refining Regulations.
5. Crude Oil (Transportation and Shipment) Regulations.
6. National Data Repository Regulations 2007

PETROLEUM ACT 

An Act to provide for the exploration of petroleum from the territorial waters and the continental shelf of Nigeria and to vest the ownership of, and all on-shore and off-shore revenue from petroleum resources derivable therefrom in the Federal Government and for all other matters incidental thereto.

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[COMMENCEMENT]                              (27^th day of November 1969)

ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED TO 2018)