Skip to content
srilawsby aturio
As enacted
Contents

Part III · Ownership of Petroleum Resources and Petroleum Data and Formulation of National Policy on Upstream Petroleum Industry

13. Ownership of petroleum resources and petroleum data

Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.

(1)

The absolute ownership of all petroleum resources occurring naturally–

(a)

within the sub–surface of the land area of

Sri Lanka; or

(b)

on or below the seabed, the sub soil of the submarine areas of Sri Lanka’s internal waters, historic waters, territorial sea, contiguous zone, exclusive economic zone, and continental shelf established in terms of the United Nations

Convention on the Law of the Sea, including the

Statement of Understanding contained in Annex II to the Final Act of the said Convention, shall vest in the State, notwithstanding any right, ownership or otherwise which any person has to the soil below which such petroleum resources are found.

(2)

The ownership of all petroleum data obtained or prepared in pursuant to any petroleum operation in Sri Lanka shall be vested in the State and the management and control of such petroleum data shall be vested with the Authority.

(3)

The Authority may issue a licence permitting access to the petroleum data for the commercial, educational or scientific use by any person subject to the procedure and the fees as may be prescribed.

Read on from s 14

Part IV

Read on from Part IV

Part V

National Petroleum Operator

Read on from Part V

Part VI

Fiscal Provisions

Read on from Part VI

Part VII

Chief Executive Officer and Staff of the Authority

Read on from Part VII

Part VIII

Petroleum Resources Development Fund

Read on from Part VIII

Part IX

General Provisions

Read on from Part IX