Petroleum Resources Act 2021 · As enacted · Part II · Administration and Management of the Authority
5. Constitution of the Board of Directors
Official English translation. Where it differs from the Sinhala or Tamil text, the Act itself says which text prevails.
Official translationFrom Department of Government Printing, unchanged
The administration, management and control of the affairs of the Authority shall be vested in a Board of
Directors (in this Act referred to as the "Board").
The Board shall, for the purpose of administering the affairs of the Authority, exercise, perform and discharge the powers, duties and functions conferred on, assigned to or imposed on, the Authority by this Act.
The Board shall consist of -
the ex-officio members namely –
the Director-General of the Authority;
the Secretary to the Ministry of the Minister assigned the subject of Finance or his representative;
the Director-General of the Public Utilities
Commission of Sri Lanka or his nominee;
the Secretary to the Ministry of the
Minister assigned the subject of Petroleum
Resources or his representative not below the rank of Additional Secretary of that
Ministry; and
the Chairman of the Marine Environment
Protection Authority established under section 2 of the Marine Pollution
Prevention Act, No. 35 of 2008 or his nominee; and
four members appointed by the Minister (hereinafter referred to as the “appointed members”) from among persons who have achieved eminence in the fields of law, finance, geology, petroleum industry, management or economics, whose qualifications shall be prescribed.
The members appointed under paragraph (b) of subsection (3) of this section shall be approved by the Cabinet of Ministers.
Part III
Ownership of Petroleum Resources and Petroleum Data and Formulation of National Policy on Upstream Petroleum Industry
Part IV
Part V
National Petroleum Operator
Part VI
Fiscal Provisions
Part VII
Chief Executive Officer and Staff of the Authority
Part VIII
Petroleum Resources Development Fund
Part IX