Petroleum Resources Act 2003 · As enacted · Part III · Petroleum Resources Agreement, Exploration Blocks and Development Licences
11. Conditions to be attached to Development Licences
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
In order to ensure the efficient conduct of petroleum operations within the area covered by the
Development Licence issued under section 10 by the PRDC, the Cabinet of Ministers may from time to time determine the conditions to which such license shall be subject. Any amendment or variation of the conditions applicable shall also be done only with the approval of the Cabinet of Ministers.
The Cabinet of Ministers may, in consultation with the Ministry of the Minister in charge of the subject of
Petroleum Resources Development and the PRDC, determine—
the additional conditions to be attached to a
Development License, for the maintenance of navigation, protection of the environment, mitigating adverse social impacts on communities and in the interest of national security ; and
the amount of reasonable compensation to be paid by the Contractor to any person who may be adversely affected by petroleum operations conducted within the area for which the development license is issued.
The PRDC shall issue a development license in respect of a designated area of an exploration block for a period that will ensure the maximum efficient recovery of petroleum resources from that area, so however, that such period does not exceed the period for which a Petroleum
Resources Agreement has been entered into, in respect of such exploration block.
The PRDC may require a contractor by notice in writing, to furnish any such return or information as the PRDC may consider necessary for the proper exercise of its powers or the discharge of its functions, and it shall be the duty of the
Contractor to comply with the requirements of such notice.
No information or the contents of any return furnished in compliance with the requirements of a notice sent in terms of this subsection shall be published or communicated to any person except with the consent of the Contractor furnishing such return or information or by the PRDC in the discharge of its functions.
Part IV
Functions of the Secretariat
Part V
Fiscal Provisions
Part VI