Petroleum Development Act 1974
These regulations have been made on the basis of the the petroleum development act 1974.
Petroleum development act 1974. 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. Except amendment 1975 paragraph 2 c s 3 and 5. 01 05 1975 act 160 malaysian currency 29 08 1975 ringgit act 1975 act a382 petroleum development 01 05 1975.
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. Applications should be submitted using form pda 2 in three 3 copies to. Petroleum development act 1974 and shall come into force on such date as the prime minister may notify in the gazette.
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. This act may be cited as the petroleum development act 1974. Act a290 petroleum development 01 10 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 oil industry development act 1974 no. 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 executive decision taken by the sarawak government at that time and the entire petroleum development act 1974 law passed in parliament can have no constitutional or legal effect without the. Petroleum development act 1974 no.