Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)

Chapter 6 : Petroleum Exploration and Production

78. Rights and obligations of holder of technical co-operation permit

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(1)The holder of a technical co-operation permit has, subject to section 79, the exclusive right to apply for and be granted an exploration right in respect of the area to which the permit relates.

 

(2)The holder of a technical co-operation permit must—
(a)actively carry out the technical co-operation study in accordance with the technical co-operation work programme;
(b)comply with the terms and conditions of the technical co-operation permit, the relevant provisions of this Act and any other law; and
(c)submit a technical co-operation permit for recording in the Mineral and Petroleum Titles Registration Office.

[Section 78(2)(c) inserted by section 56 of the Mineral and Petroleum Resources Development Amendment Act, 2008]