Petroleum Mining Regulations.

These Regulations implement provisions of the Petroleum Mining Act.The 62 regulations are divided into 6 Parts: Definitions (I); Financial Provisions (II); Records, Accounts, etc. (III); Rights Reserved by Government (IV); Miscellaneous Duties of the Company (V); Miscellaneous Provisions (VI).Matters regulated include amongst others; payment of royalties, fees in respect of petroleum agreement and exploration licence, keeping of records, etc. by a party to a petroleum agreement with the Government (“Company”), rights reserved by the Government in respect of lands specified in an exploration licence or a petroleum agreement (“Scheduled Lands”) and with respect to fishing and navigation, restrictions placed upon a Company in respect of alienated lands and restrictions on timber cutting in Reserved Forests, limitation of rights in foreshore, installation in sea areas, prevention of pollution of the high seas and coastal waters, carrying out of works, disposal of waste oil, land required by a Company for its operations, Lands included by mistake in the Scheduled Lands, enforcement, inspection and offences. A Model Exploration Licence and a Model Petroleum Agreement are attached.

Implements: Petroleum Mining Act. (1988)
Amended by: Miscellaneous Amendments (Privy Council) Act 2010 (No. 42 of 2010). (2010-10-01)