These Rules define rights, obligations and authorities aimed at streamlining and accelerating the hydrocarbon exploration and production in Pakistan. The Rules are applicable to the onshore areas of Pakistan and regulate all petroleum rights except those relating to Coal Bed Methane. The Rules set out procedures for the application for petroleum rights. Petroleum rights are granted by the Director General Petroleum Concessions and include: a reconnaissance permit, which allows a company to carry out reconnaissance surveys over such areas and on such terms and conditions as it may determine in each case; an exploration licence; and a development and production lease in respect of a discovery area within the licence area granted to the applicant. Holders of petroleum rights must maintain full and accurate well and production records. The Rules further provide for: restrictions, rights and obligations of petroleum rights; rights of the Government upon termination of a petroleum right; power of the Authority to inspect plants, records and accounts; etc.
باكستان · 2009-06-11