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An Overview of the Petroleum Industry Act 2021

25-08-2021 0183 32 Petroleum prospecting licence to carry out petroleum exploration on a non-exclusive basis and drill wells, do corresponding test production on an exclusive basis iii Petroleum mining lease to carry out petroleum exploration on a non-exclusive basis drill wells, carry out test production, win, work and dispose of crude oil, condensates and natural gas on ,...

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Oil, Gas, and Mining

31 Key Differences between the Petroleum and Mining Sectors 44 32 Features Specific to the Oil and Gas Sectors 45 33 Features Specific to the Mining Sector 46 34 Convergence of Mining and , 42 Licensing across Shifting International Borders 64 43 Deep-Sea Mining 65 44 Local Benefit 81 45 Local Benefit The Kazakhstani Experience ....

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The Ministry of Petroleum and Mining

Department for Mining for verification of a Persons claiming to be mineral dealers and miners b Mineral dealers licences, mineral export permits, assay reports, laboratory reports and any other documents alleged to have been issued by the State Department for Mining or Ministry of Petroleum and Mining...

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Petroleum Mining Regulations

Petroleum Mining Regulations CAP 134A Regulation 2 to 1988 Revised Edition Page 9 licensee means a licensee as defined in the Petroleum Mining Act Minister means the Minister of Lands, Survey and Natural Resources natural gas means gas obtained from bore holes and wells and consisting primarily of hydrocarbons non-associated natural gas means ,...

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Oil, Gas, and Mining Fiscal Terms Natural Resource ,

Fiscal terms in the oil, gas, or mining industries must be structured around four important characteristics of the extractive industries 1 petroleum and mineral resources are not infinite, so governments must generate returns that are sufficient to compensate the country for the value of the asset being depleted 2 extractive projects require significant upfront investments before ,...

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Legal Aspects of Oil and Gas Contracts

06-08-2019 0183 32 Key Features of the Licensing System 132 Under the old Licence system, the state was not directly involved in petroleum operations and its petroleum revenues were only generated through taxation In the modern form of licensing system, the relationship between the government and the licensee has been modified...

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LAWS REGULATING OIL AND GAS INDUSTRY IN NIGERIA

04-09-2020 0183 32 The licensing regime under the Petroleum Act provides for the following Licenses The Oil Exploration License OEL This is a non-exclusive license that permits a licensee to explore for petroleum in the licensed area The OEL does not confer a right to an oil prospecting license OPL or an oil mining lease OML...

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Approvals process Department for Energy and Mining ,

The Petroleum and Geothermal Energy Act 2000 licensing and approvals process consists of three stages Stage 1 - Licensing Stage 2 - Environmental assessment and approval of Environmental Objectiv Stage 3 - Activity notification and approval The steps involved in the three stages of the activity approvals process are characterised by the ....

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Key highlights of the Petroleum Industry Bill

16-08-2021 0183 32 These functions include the formulation, monitoring and administration of government policies in the petroleum industry grant of Petroleum Prospecting Licenses PPL and Petroleum Mining Leases PML upon the recommendation of the Nigerian Upstream Regulatory Commission the Upstream Commission...

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DPR revokes Addax Petroleum oil mining licences Eandel

08-04-2021 0183 32 The Department of Petroleum Resources DPR has revoked four Oil Mining Licences OML belonging to Addax Petroleum due to the non-development of the assets by the petroleum company The affected assets are OML 123, 124, 126 and 137...

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Petroleum Licenses in the UK Contract or Regulation?

Petroleum licenses lack certain traditional public law featur For example, there is no right of appeal regarding their terms Compare this to a planning license once granted, the only recourse if the licensee is dissatisfied is an administrative or court appeal...

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Exploration licences and regulation Department of ,

Petroleum licensing - Wikipedia...

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By Dr Ketsela Tadesse, Director of Petroleum Licensing ,

Petroleum Licensing in Ethiopia Current activities and opportunities By Dr Ketsela Tadesse, Director of Petroleum Licensing and Administration Directorate, Ministry of Mines, Ethiopia The views expressed are those of the author and do not necessarily reflect the views of UNCTAD...

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THE PETROLEUM INDUSTRY BILL 2020 A SUMMARY

09-11-2020 0183 32 Petroleum Mining Lease to be granted to qualified applicants to search for, win, work, carry away and dispose of crude oil, condensates and natural gas for a maximum period of twenty years A licence or lease may be granted under this Act only to a company incorporated and validly existing in Nigeria under the Companies and Allied Matters Act...

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Mineral Resources Authority

An underexplored, mineral-rich country with a competitive licensing framework, stable political environment, low investment risk and pro-mining population and government...

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Oil and gas regulation in India overview Practical Law

01-10-2020 0183 32 The Oilfields Regulation and Development Act 1948, deals with issuing petroleum exploration licences PEL , petroleum mining leases PML and collection of royalti The Petroleum and Natural Gas Rules 1959 PNG Rules regulate the grant of PELs and PMLs for petroleum and natural gas that belongs to government, and for their conservation and ,...

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Petroleum licensing

Petroleum licensing or exploration license is the act of giving licenses geographical areas at land or sea to a company or a joint venture allowing them to search for commercially feasible deposits for the extraction of petroleum Each sovereign country distributes licenses in what is typically called a licensing round The procedure for such, can greatly vary from country to ,...

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FEATURES OF PETROLEUM INDUSTRY ACT PIA 2021

11-09-2021 0183 32 The Petroleum industry Act PIA was officially signed into law on the 16 of August 2021 by the President of Nigeria The Act provides for legal, governance, regulatory and fiscal framework for the Nigerian Petroleum Industry and development of Host Communities and related matters It contains 5 Chapters, 319 Sections and, 8 Schedules dealing with ,...

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Conservation areas Department for Energy and Mining ,

Mineral and petroleum exploration licence applications for areas within regional reserves are processed by the Department for Energy and Mining but must be referred to the Minister for Environment and Water for comment Exploration work programs are discussed with the Department for Environment and Water as a matter of policy...

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Features of the petroleum products pricing in Russia, in ,

01-11-2020 0183 32 Structural features of the Russian oil product market The pricing of petroleum products in the domestic Russian market is based on several factors production costs, tax burden, as well as transportation and processing costs , which we will consider in more detail later in the framework of this study Cost of oil production...

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petroleum exploration licence

PETROLEUM EXPLORATION LICENCE APPLICATION Notice is given that Petroleum Exploration Licence Application No 51 for petroleum, has been lodged with NSW Department of Planning, Industry and Environment by Petroleum Exploration Company Pty Ltd, ABN 123 456 789, over an area of about 70 blocks 5250 square kilometres which is located...

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The Petroleum Licensing Exploration and Production ,

These Regulations prescribe the model clauses which, unless the Secretary of State thinks fit to modify or exclude them in any particular case, will be incorporated in petroleum licences for landward areas Schedule 1 to the Regulations describes the location of the line which marks the boundary between the landward and seaward areas it re-states the description of the line in ,...

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Key highlights of the Petroleum Industry Bill

16-08-2021 0183 32 Introduction Since the enactment of the Petroleum Act in 1969 now adjudged by industry experts to be outdated , particularly from 2008, successive governments in Nigeria have attempted to enact an all-encompassing Petroleum Industry Bill PIB that addresses the shortcomings of the Petroleum Act, with a view of bringing it in line with modern realiti...

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Withdrawn Oil and gas petroleum licensing guidance

04-12-2012 0183 32 Where the operator/owner of a coalmine has to capture natural gas in order to make the mine safe, he requires a licence from the OGA pursuant to the Petroleum Act 1998 Such a licence is called a ....

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Petroleum Exploration Licence PEL Mines Minerals ,

Petroleum Exploration Licence PEL Petroleum Exploration Licence PEL is granted for a period of 7 years in inland/shallow water areas and for 8 years in deep water and frontier areas for exploration activities as per PSC provisions under New Exploration Licensing Policy NELP...

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