Section 4Petroleum agreement

s. 4

4. Petroleum agreement (1) The Government may enter into a petroleum agreement with any person for the purpose of any petroleum operation. (2) No person shall undertake or carry on any petroleum operation except under a petroleum agreement entered into under sub-section (1): Provided that the Government may, within one month from the date of commencement of this Act, permit, on such conditions as it deems fit, any person to carry on any petroleum operation otherwise than under a petroleum agreement for a period not exceeding six months.