The
Department
of Petroleum Resources (DPR) was created In 1971. It was the first statutory agency set up to supervise and regulate the petroleum
industry in the country.
Without any
prejudice to the foregoing, the Department of Petroleum Resources is vested
with the necessary powers by various legal provisions to discharge the
following functions and responsibilities:
•
supervising all petroleum industry operations being carried out under licences
and leases in the country in order to ensure compliance
with the applicable laws and regulations in line with good oil producing
practices.
• enforcing safety and environmental regulations and ensuring that those operations conform
to national and international industry practices and standards.
•
keeping and updating records on petroleum industry operations, particularly on matters relating to petroleum reserves,
production and exports of crude oil, gas and condensate, licenses and leases as
well as rendering regular reports on them to Government.
•
advising Government and relevant Agencies on technical matters and policies
which may have impact on the administration and control of petroleum.
•
processing all applications for licenses so as to ensure compliance with
laid-down guidelines before making recommendations to the Honourable Minister
of Petroleum Resources.
•
ensuring timely and adequate payments of all rents and royalties as at when
due.
•
Monitors Government Indigenisation
policy to ensure that local content philosophy is achievable.