Section 69: National Grid System.

1 The Commission shall, after consultation with the Surveyor-General of the Federation, adopt a national grid system for acreage management.

2 The grid system referred to under subsection (1) shall be based on the UTM system or any other projection system in use by the office of the Surveyor-General of the Federation.

3 The Commission shall establish a system for numbering of parcels, which shall allow for subdivision and aggregation of the parcels.

4 The basic unit of the grid system shall be a parcel of one square kilometer, subject to adjustment of the zones and national boundary.

5 The Commission may further subdivide parcels into equal units of one hectare or such sub-units as the Commission may deem appropriate.

6 The national grid system referred to under subsection (1) shall be used for the administration of upstream petroleum operations, including—
a the definition of licence and lease areas;
b relinquishments;
c bid procedures;
d identification of well locations;
e petroleum conservation measures; and
f other regulatory and acreage management procedures.

7 Any current boundary of a licence or lease, which does not conform to the new national grid system shall remain unaltered and be apportioned in parcels.