Discovery of petroleum to be notified
34 Discovery of petroleum to be notified
Where petroleum is discovered in a permit area, the permittee—
shall forthwith inform the Minister of the discovery; and
shall, within a period of 3 days after the date of the discovery, furnish to the Minister particulars in writing of the discovery.
Where petroleum is discovered in a permit area, the Minister may, from time to time, by instrument in writing served on the permittee, direct the permittee to furnish to the Minister, within the period specified in the instrument, particulars in writing of any 1 or more of the following—
the chemical composition and physical properties of the petroleum;
the nature of the subsoil in which the petroleum occurs;
any other matters relating to the discovery that are specified by the Minister in the instrument.
A person to whom a direction is given under subsection (2) shall comply with the direction.Maximum penalty—135 penalty units.
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.