Petroleum (Exploration and Production) Act, 1991

The Petroleum (Exploration and Production) Act, 1991 sets out the licensing regime for reconnaissance, exploration and production of petroleum. Operators may carry out petroleum operations only upon obtaining the necessary license and entering into a petroleum agreement with the Ministry of Mines and Energy. 
Applicants for licenses may be required to carry out environmental impact studies by the Ministry. Additionally, to obtain a production license, applicants are required to submit a production programme that sets out the manner in which pollution is intended to be prevented and a decommissioning plan. Production license holders are also required to establish trust funds for decommissioning costs.

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