Section 4: Establishment of the Nigerian Upstream Petroleum Regulatory Commission.

1 There is established the Nigerian Upstream Petroleum Regulatory Commission (in this Act referred to as "the Commission”) which shall be a body corporate with perpetual succession and a common seal.

2 The Commission shall have the power to acquire, hold and dispose of property, sue and be sued in its own name.

3 The Commission shall be responsible for the technical and commercial regulation of upstream petroleum operations.