Petroleum Development Act 1974 Wikipedia

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. Existing bodies and companies to submit data information and records. This act may be cited as the petroleum development act 1974.

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Petroleum development act 1974 and shall come into force on such date as the prime minister may notify in the gazette.

Petroleum development act 1974 wikipedia. 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. The petroleum development act 1974 is the main legislation governing the malaysian oil and gas industry. Applications should be submitted using form pda 2 in three 3 copies to.

The petroleum development act 1974. Under the petroleum development act 1974 upstream activities which are exploration development and production of resources. The petroleum act 1987 c 12.

These regulations have been made on the basis of the the petroleum development act 1974. The petroleum safety measures act 1984. Weights and measures act 1972 act 71 control of supplies act 1961 act 122 petroleum development act 1974 act 144 hire purchase act 1967 act 212 petroleum safety measures act 1984 act 302 exclusive economic zone act 1984 act 311 direct sales and anti pyramid scheme act 1993 act 500 franchise act 1998 act 590 consumer protection.

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. The petroleum and electricity control of supplies act 1974. 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.

The oil industry development act 1974 no. The petroleum act 1998 c 17. In exercise of the powers conferred by section 7 of the petroleum development act 1974 the prime minister hereby makes the following regulations.

1 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 shall be vested in a. These regulations may be cited as the petroleum regulations 1974. 1 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 shall be vested in a corporation to be incorporated under the companies act.

The petroleum mining act 1966. The petroleum royalties relief and continental shelf act 1989 c 1. Besides the petroleum development act 1976 there are a number of other statutes ordinances and regulations applicable to the industry including but not limited to the following.

The petroleum income tax act 1967.