Petroleum Development Act 1974 Malaysia
With the exception of 1977 s.
Petroleum development act 1974 malaysia. Petroleum development 13 laws of malaysia act 144 petroleum development act 1974 list amendment law short title of the act into force amend the a290 act petroluem refineries 01 10 1974. This act may be cited as the petroleum development act 1974. Winning and obtaining petroleum whether onshore or offshore of malaysia shall be vested in a corporation to be incorporated under the companies act 1965 or under the law relating to incorporation of companies.
Petroleum development act 1974. Petroleum development act 1974 laws of malaysia reprint act 144 petroleum development act 1974 incorporating all amendments up to 1 january 2006 published by the commissioner of law revision malaysia under the authority of the revision of laws act 1968 in collaboration with percetakan nasional malaysia bhd 2006 2 laws of malaysia act 144. The petroleum development act 1974 requires person s engaging in any activity to refine crude petroleum to produce petroleum petrochemical products and to process natural gas to obtain a permit.
Joe samad free malaysia today it was reported on june 5 that petronas had gone to court to seek a declaration that under the petroleum development act 1974 pda the national oil company had malaysia. Petroleum development act 1974. Applications should be submitted using form pda 2 in three 3 copies to.
The petroleum development act 1974 gives petronas exclusive ownership right to the oil and gas resources in malaysia and makes it the main regulatory body for upstream oil and gas activities. 3 and 5 01 05 1975 act 160 currency act 29 08 1975 dollars 1975 a382 petroleum development act act 01 05 1975. Under the petroleum development act 1974 upstream activities which are exploration development and production of resources.
The petroleum development act of 1974 pda vested petronas with the entire ownership in and the exclusive rights powers liberties and privileges of exploring exploiting winning and obtaining petroleum whether onshore or offshore of malaysia. The state decides on what happens to their land forest plantation petroleum and whatever resources found in the ground on the ground and offshore. According to the federal and state constitutions it was agreed that land and all that is in and under it belongs to the state and not the federal government.
2 the vesting of the ownership.
