Examples of Petroleum Law in a sentence
The Petroleum Law governs non-tax terms of extraction of petroleum in Liberia, including the sharing of production under a production sharing agreement, which determines the petroleum producer’s share of income from petroleum extraction.
Ratio Yam joint venture On January 26, 2014, the Commissioner of Petroleum Affairs announced that the Leviathan field is a discovery as defined in the Petroleum Law, 1952 ("the Petroleum Law").
The Guarantee will remain in effect throughout the lease term and will remain in effect after the lease expires, provided the Commissioner of Petroleum Affairs does not announce that it is no longer required and subject to section 57C of the Petroleum Law.
The conduct of Petroleum Operations and provision of financial and technical requirements by the Contractor under this Contract shall be with the prior approval of or in prior consultation with the National Petroleum Agency as required under this Contract or the Petroleum Law.
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