This Act provides rules for the exploration for and exploration of sources of petroleum (including natural gas) in Trinidad and Tobago. No person shall engage in petroleum operations on land or in a submarine area, unless he or she first obtains a licence as provided for in this Act or the Regulations. Instead of granting an Exploration and Production Licence the Minister may enter into a production sharing contract, upon such terms and conditions as the Cabinet may approve. The Act defines duties of licence holders to prevent pollution and grants powers to the President to issue Rules under this Act, including rules relative to prevention of pollution.
Trinité-et-Tobago · 1969-12-30