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 all applicable laws and regulations governing upstream petroleum operations;
(c) ensure that upstream petroleum operations are carried out in a manner to minimise waste and achieve optimal government revenues;
(d) promote healthy, safe, efficient and effective conduct of upstream petroleum operations in an environmentally acceptable and sustainable manner;
(e) ensure efficient, safe, effective and sustainable infrastructural development of upstream petroleum operations;
(f) determine, administer and ensure the implementation and maintenance of technical standards, codes, practices and specifications applicable to upstream petroleum operations pursuant to good international petroleum industry practices;
(g) implement government policies for upstream petroleum operations as directed by the Minister of Petroleum in accordance with the provisions of this Act;
(h) promote an enabling environment for investment in upstream petroleum operations ;
(i) ensure strict implementation of environmental policies, laws and
regulations for upstream petroleum operations;
(j) ensure the implementation of national policies for upstream petroleum operations ; and
(k) implement such other policies and objectives as are consistent with the provisions of this Act.
