නිල පරිවර්තනයවෙනස් නොකළ පාඨය, Department of Government Printing වෙතින්
(1)
Where the PRDC is satisfied that a Contractor to whom a Development License has been issued —
(a)
has failed to comply with a notice issued under section 12 or has not taken reasonable steps to rectify or correct the condition resulting from the contravention specified in such notice or has not shown reasonable cause for such contravention;
(b)
has not complied with any direction given by the
PRDC under this Act; or
(c)
has ceased to conduct petroleum operations according —
(i)
to the work programme which is part of the
Petroleum Resources Agreement ; or
(ii)
to the project development and investment proposal submitted for the Development
License; or
(d)
has abandoned or constructively abandoned the
Development License by failure to diligently conduct petroleum operations in the area covered by the
Development License; or
(e)
has surrendered the Development License; or
(f)
has been convicted of an offence under this Act or of any regulation made under this Act, the PRDC may suspend or cancel the development license.
(2)
Contractor aggrieved by a decision of the PRDC to suspend or cancel a Development License issued under section 10 shall have recourse to the arbitration provisions if any, which forms part of the relevant Petroleum Resources