19. Joint Study Agreements

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

(1)

The Authority may define and demarcate areas to be designated for joint studies, and may entertain proposals thereto from any person that the Board deems suitable based on his experience, reputation and financial capability.

(2)

The Authority shall submit the proposed Joint Study

Agreement for the consideration of the Minister, and the

Minister shall, upon being satisfied with the terms and conditions of the Joint Study Agreement, enter into Joint

Study Agreement in conformity with the procedures as may be prescribed and submit the same for the information of the

Cabinet of Ministers.

Read on from s 20

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