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A petroleum retention lease must be acquired should any discovered petroleum prove commercially unviable initially, but is likely to become so within 15 years. Where a commercially viable source is found, the operator must acquire a petroleum production licence, infrastructure licence and pipeline licence prior to petroleum mining. 5.1.2
Petroleum Exploration Licence PEL and Petroleum Mining Lease PML PEL is granted for a period of 7 years in onland shallow water areas and for 8 years in deepwater and frontier areas for exploration activities as per PSC provisions under NELP. Petroleum Mining Lease PML is normally awarded for 20 years for producing
Petroleum Exploration Licence PEL and Petroleum Mining Lease PML PEL is granted for a period of 7 years in onland and shallow water areas and for 8 years in deepwater and frontier areas for exploration activities as per PSC provisions under NELP. Petroleum Mining Lease PML is awarded for 20 years for producing Hydrocarbons as per. The ...
To guide the prioritisation and assessment of water extraction licence applications for mining and petroleum activities received as a result of amendments to the Water Act 1992 the Act, which transition mining activity and petroleum activity as defined in the Act into the water extraction licensing
The Ministry of Mines and Energy is renowned as performance driven. By promoting, facilitating and regulating development and sustainable utilization of Namibias mineral, geological and energy resource through competent staff, innovation, research and stakeholder collaboration in a conducive environment for the benefits of all Namibians and the world.
Public access to licence documents as required under the Petroleum and Geothermal Energy Act 2000 and associated regulations is available in the licence registers found below. Provision of this public register is part of a strategy to demonstrate that there is transparency and accountability in decision-making processes.
Tabaquite Petrotrin E Oil Mining Licences No. 10588 of 1954 No. 10241 of 1956 No. 10242 of 1956 No. 10243 of 1956 No. 10509 of 1957 No. 1277 of 1964 Party to Oil Mining Lease Fiscal Year 20102011 Petroleum Company of Trinidad and Tobago Limited
2.2.6. Mining Licence ML Section 90-101 After a successful exploration program, an EPL holder may want to start mining activities. In this case, an EPL Holder may to apply for a mining licence. Depending on the deposit size and the scale of production, a mining licence may be issued for a period not longer than twenty ve 25 years.
The Department of Petroleum Resources DPR has revoked four Oil Mining Licenses OML belonging to Addax Petroleum due to the non-development of the assets by the petroleum company. The affected assets are OML 123, 124, 126 and 137. Speaking during an interactive session with journalists in Lagos on Tuesday, the DirectorChief Executive ...
Sep 08, 2020 Mr Somare said one of the things the industry and everyone need to be sure of is that at the end of every licence the land does not transfer back to the state, the land stays with the landowners. He said the current legislation has kept the development forum which is a critical process for all parties concerned in any mining or petroleum projects.
Of course, from childhood to forever, we are always thought to love reading. It is not only reading the lesson book but also reading everything good is the choice of getting new inspirations. Religion, sciences, politics, social, literature, and fictions will enrich you for not only one aspect. Having more aspects to know and understand will lead you become someone more precious.
The Ministry of Mining Strategic Plan has been prepared within the framework of South Sudan Vision 2040 whose aspiration is Towards Freedom, Equality, Justice, Peace and Prosperity for all and the Guiding Principles and Values, which include Democracy, Rule of Law Socio-Economic Development and International Relations.
The most relevant of these licences for industrial projects are the exploration licence and the large-scale mining licence The exploration licence grants an exclusive right to explore for one or more specified substances within the licensed area. The licence is valid for an initial period of up to four years over a maximum area of 250 km2.
Feb 05, 2020 A downstream petroleum licence permits a person to conduct activities and business in the industry of petroleum products. Companies and individuals who are granted these licences can import, distribute, store, sell or export petroleum products, depending on the type of licence. 2.2. Types of Downstream Licences.
Feb 12, 2018 Last week, the government of Ghana followed through on a promise it made in July 2017 by launching a public petroleum register that contains the full texts of petroleum agreements, licenses, permits and authorizations.. It is particularly encouraging that the government opted to align the register with international best practices by incorporating full-text contracts into the platform.
Petroleum Exploration Licence PEL Petroleum Exploration Licence PEL is granted for a period of 7 years in inlandshallow water areas and for 8 years in deep water and frontier areas for exploration activities as per PSC provisions under New Exploration Licensing Policy NELP.Petroleum Mining Lease PML is normally awarded for 20 years for producing Hydrocarbons as per The Oilfields ...
Companies wishing to extract petroleum from Ethiopia are required sign a Petroleum Production Sharing Agreement PPSA with the Government of Ethiopia. Six features to expect in a PPSA The exploration period will be capped at 8 years in total. The production period is 25 years, with a possible 10-year extension. Income tax is set at 25.
An Artisanal Mineral Operations License. An Artisanal Mineral Operations License is issued either to an individual or a small or micro-enterprise whose mining operation is mostly manual and does not involve employed workers. Three important facts about an Artisanal Mineral Operations License 1. It
An exploration licence EL authorises the licensee, subject to the Mining Act 1971, Regulations made under the Act and conditions of the licence, to explore for all minerals andor opal other than extractive minerals ie building construction materials.An EL excludes current mining tenements mineral claims, retention leases and mining leases and any other areas not available for ...
3.1 Key Differences between the Petroleum and Mining Sectors 44 3.2 Features Specific to the Oil and Gas Sectors 45 3.3 Features Specific to the Mining Sector 46 3.4 Convergence of Mining and Hydrocarbons 47 4.1 Sovereignty over Natural Resources 59
The licence inform IX under the Petroleum Rules, 1976 is granted to transport petroleum class A andor class B in bulk on land by mechanically propelled vehicle. Such vehicle for transportation of petroleum is called petroleum tank lorry or in short, tank lorry or tank truck. Licensing Authorityi.e., the authority empowered to grant the above said
the expiration of the licence forward to the Director of Petroleum Resources a report in triplicate on the work done and the conclusions reached on the relevant area, the report in question being accompanied by all necessary data, maps, plans and sections. PART III Oil prospecting licences and oil mining leases Form, rights and powers 14. Form
The hydrocarbon code distinguishes two forms of contract to conclude with oil companies in order to allow them to be granted the reconnaissance license or the exploration permit the Reconnaissance Contract and the Petroleum Agreement.. The interested company agrees with ONHYM on the delimitation of the area of interest and negotiates the terms of the Reconnaissance Contract or the Petroleum ...
Jan 29, 2019 The term of the Prospecting Licence is for three years, with two rights of renewal of one year each. The Mining Act 1989 stipulates that three months prior to each anniversary date of licence, a Work Program and Budget for the following year must be presented for approval for the work to be undertaken during the following year.