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

Chapter 6 : Petroleum Exploration and Production

82. Rights and obligations of holder of exploration right

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(1)In addition to the rights referred to in section 5, the holder of an exploration right—
(a)subject to subsection (2), has the exclusive right to apply for and be granted a production right in respect of the petroleum and the exploration area in question;
(b)subject to section 81, has the exclusive right to apply for and be granted a renewal of an exploration right in respect of petroleum and the exploration area in question;
(c)has the exclusive right to remove and dispose of any petroleum samples found during the course of exploration, subject to section 20; and
(d)may only transfer and encumber the exploration right, subject to section 11.

 

(2)The holder of an exploration right must—
(a)lodge such right within 60 days for registration at the Mineral and Petroleum Titles Registration Office;

[Section 82(2)(a) substituted by section 60 of the Mineral and Petroleum Resources Development Amendment Act, 2008]

(b)continuously and actively conduct exploration operations in accordance with the approved exploration work programme;
(c)comply with the terms and conditions of the exploration right, the relevant provisions of this Act and any other law;
(d)comply with the requirements of the approved environmental management plan;
(e)pay the prescribed exploration fees to the designated agency; and
(f)commence with exploration activities within 90 days from the effective date of the exploration right or such extended period as the Minister may authorise.