Petroleum Development Act 1974

To provide for the establishment of a corporation under the companies act 1965 or.

Petroleum development act 1974. To provide for the establishment of a corporation under the companies act 1965 or under the law relating to the incorporation of. Petroleum development act 1974. An act to provide for exploration and exploitation of petroleum whether onshore or offshore by a corporation in which will be vested the entire ownership in and the exclusive rights powers liberties and privileges in respect of the said petroleum and to control the carrying on of downstream activities and development relating to petroleum and its products. An act to provide for exploration and exploitation of petroleum whether onshore or offshore by a corporation in which will be vested the entire ownership in and the exclusive rights powers liberties and privileges in respect of the said petroleum and to control the carrying on of downstream activities and development relating to petroleum and its products.

47 of 1974 26 september 1974 an act to provide for the establishment of a board for the development of oil industry and for that purpose to levy a duty of excise on crude oil and natural gas and for matters connected therewith. To provide for the establishment of a corporation under the companies act 1965 act 125 or under the. Petroleum development act 1974. Pursuant to regulation 2 all existing bodies of persons or companies who are issued with exploration licences or have entered into petroleum agreements under the petroleum mining act 1966 shall make available and submit forthwith to petronas for no consideration all data information and records in respect of any survey study research exploration and production carried out by them.

An act to provide for exploration and exploitation of petroleum whether onshore or offshore by a corporation in which will be vested the entire ownership in and the exclusive rights powers liberties and privileges in respect of the said petroleum and to control the carrying on of downstream activities and development relating to petroleum and its products. These regulations have been made on the basis of the the petroleum development act 1974.