Section 76

(1) A company engaged in upstream petroleum operations across
tion of costs
terrains shall be allowed to consolidate costs and incomes for the purpose of
and revenue
income tax under Chapter Two of this Act.
(2) A company engaged in upstream petroleum operations related to crude
oil across terrains shall be allowed to consolidate costs and revenue for the
purposes of hydrocarbon tax, only across assets in which it holds licences and
leases in accordance with the two categories of chargeable tax stipulated in
section 72 of this Act