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srilawsby aturio
As enacted
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Part III · Petroleum Resources Agreement, Exploration Blocks and Development Licences

8. Applications to enter into agreements in respect of exploration blocks

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

(1)

The PRDC may, by notice published in local or international media or by other means best calculated to give publicity thereto, invite persons possessing such techinical and financial qualifications as are prescribed, to apply to enter into a Petroleum Resources Agreement with the State in respect of the defined exploration blocks which are specified in the notice.

(2)

Every application to enter into a Petroleum Resources

Agreement with the State in respect of a defined exploration block shall be made to the PRDC, in the prescribed form and shall contain the prescribed particulars.

(3)

Each Petroleum Resources Agreement shall be in relation to only one exploration block.

Read on from s 9

Part IV

Functions of the Secretariat

Read on from Part IV

Part V

Fiscal Provisions

Read on from Part V

Part VI

General

Read on from Part VI