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DEEP OFFSHORE AND INLAND BASIN PRODUCTION SHARING CONTRACTS ACT

Section 2: Duration of oil prospecting licences

1993Section 2 of 18•Federal Republic of Nigeria

The duration of an oil prospecting licence relating to production sharing contracts in the Deep Offshore and Inland Basin shall be determined by the Minister and shall be for a minimum period of five years and an aggregate period of ten years.

Cite this section

Section 2, DEEP OFFSHORE AND INLAND BASIN PRODUCTION SHARING CONTRACTS ACT (1993).

https://repo.podus.ai/laws/deep-offshore-and-inland-basin-production-sharing-contracts-act/section/2/