Petroleum Act - energy.gov.tt

1 LAWS OF TRINIDAD AND TOBAGO. MINISTRY OF LEGAL AFFAIRS Petroleum ACT. CHAPTER 62:01. Act 46 of 1969. Amended by 4 of 1970. 16 of 1974. 38 of 1974. 34 of 1975. 27 of 1976. 9 of 1979. 45 of 1979. 47 of 1980. 29 of 1988. 14 of 1990. 34 of 1995. 8 of 1996. 79 of 2000. 13 of 2010. Current Authorised Pages Pages Authorised (inclusive) by 1 18 .. 19 34 .. 35 80 .. 81 110 .. 111 112 .. 113 124 .. 125 134 .. 135 150 .. 151 160 .. UNOFFICIAL VERSION UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO. 2 Chap. 62:01 Petroleum MINISTRY OF LEGAL AFFAIRS Index of Subsidiary Legislation Page Petroleum Regulations (GN 5/1970) 30. Price of Petroleum Products Order (GN 110/1974) 72. Petroleum (Protection Against Fire) Regulations (GN 83/1960) 80. Oil Tanks Regulations (GN 19/1949) 82.

2 Petroleum (Testing, Storage, etc.) Regulations (GN 99/1946) 102. Petroleum (Compressed Natural Gas) Regulations (LN 196/1994) 125. Petroleum (Prescribed Form) Regulations (LN 100/1989) 150. Price of Compressed Natural Gas Order (LN 169/2008) 154. Petroleum (Pollution Compensation) Regulations (LN 134/1997) 155. Petroleum (Royalties) (Onshore Crude Oil) Regulations (LN 173/1999) 158. Petroleum (Form for Objection to Issue of Licences for Petroleum Operations). Order (LN 160/1992) 159. Note on Subsidiary Legislation The following Subsidiary Legislation have been omitted: (a) Notices of Application for Licences made under section 7 of the Act;. (b) Notices of Grant of Licences etc., made under section 9 of the Act;. (c) Exploration Licence made under section 9 of the Act.

3 (d) Production Sharing Contracts made under section 9 of the Act;. (e) Competitive Bidding (Determination) Notice made under section 10 of the Act;. (f) Competitive Bidding Orders made under regulation 4 of the Petroleum Regulations;. (g) Surrender of Licensed Areas Notice made under regulation 21 of the Petroleum Regulations;. (h) Renewal of Licence Notice made under regulation 21 of the Petroleum Regulations;. (i) Petroleum Impost Rating Orders made under regulation 72 of the Petroleum Regulations. For references with respect to omissions of Subsidiary Legislation, in addition to those mentioned above, see (a) the Consolidated Index of Subsidiary Legislation to 1st January 1994 and (b) the Consolidated Index of Subsidiary Legislation to 1st January 2005.

4 UNOFFICIAL VERSION. UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO. Petroleum Chap. 62:01 3. MINISTRY OF LEGAL AFFAIRS Note on section 39. The former section 38(2) of this Act (replaced by the present section 39). provided for the Ordinances mentioned in that section to continue to operate in relation to Petroleum until Regulations are made under section 29 with respect to any matter contained in these Ordinances. Regulations (GN 5/1970). were made under section 29. Therefore for the avoidance of doubt section 9. of the Law Revision (Miscellaneous Provisions) Act No. 47 of 1980, declared that the Petroleum Regulations 1970 (5/1970) shall not be deemed to have had the effect of repealing any of these Ordinances. With respect to the above see LN 185/1998.

5 UNOFFICIAL VERSION UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO. 4 Chap. 62:01 Petroleum MINISTRY OF LEGAL AFFAIRS CHAPTER 62:01. Petroleum ACT. ARRANGEMENT OF SECTIONS. SECTION. 1. Short title. PRELIMINARY. 2. Interpretation. 3. Public Petroleum rights. 4. Private Petroleum rights. 5. Responsibility of Minister and delegation by him. PART I. Petroleum OPERATIONS. LICENCES. 6. Licences. 7. Applications for licences. 8. Objections to licences. 9. Grant of licences. 10. Competitive bidding. 11. Certain conditions to be included in licences. 12. Conditions as to furnishing returns. 13. Special restrictions on grant of licences. 14. Exploration Licence confers non-exclusive rights. 15. Rights under an exploration and production licence.

6 16. Duty of licensee to deliver up facilities upon determination of licence. DEFAULT AND DISPUTES. 17. Failure to fulfil obligations, etc., consequences of. 18. Arbitration in certain cases of revocation of licences. 19. Force majeure Effect of. 20. General provision as to arbitration of differences. 21. Conduct of arbitration. UNOFFICIAL VERSION. UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO. Petroleum Chap. 62:01 5. MINISTRY OF LEGAL AFFAIRS SECTION. 22. Cesser of operations during arbitration. NON-RESIDENT COMPANIES. 23. Licensing of non-resident companies. 24. Service of documents. SUB-LICENCES. 24A. Licensee may issue sub-licence. 24B. Application for Minister's approval to issue sub-licence. 24C. Effect of sub-licence. 24D. Penalties.

7 PART II. ANCILLARY RIGHTS. 25. Licensee to negotiate for ancillary rights. 26. Power to grant ancillary rights. 27. Limitation on power of granting rights. 28. Applications for rights. PART III. MISCELLANEOUS AND GENERAL. 29. Regulations. 30. Power of Minister to make Orders. 31. Power of Minister to fix prices of Petroleum products. 31A. Power of the Minister to fix price of 32. Offences and penalties. 33. Other powers. 34. Financial provisions. 35. Restriction on disclosure on information. 36. Special provisions for emergencies. 37. Act binds the State. TRANSITIONAL PROVISIONS. 38. Licences of existing Petroleum licensees. 39. Savings. UNOFFICIAL VERSION UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO. 6 Chap. 62:01 Petroleum MINISTRY OF LEGAL AFFAIRS CHAPTER 62:01.

8 Petroleum ACT. 46 of 1969. An Act to consolidate and amend the law relating to Petroleum so as to make better provision for the exploration for, and the development and production of, Petroleum , and for matters consequential or incidental thereto. Commencement. 177/1969. [30TH DECEMBER 1969]. Short title. 1. This Act may be cited as the Petroleum Act. PRELIMINARY. Interpretation. 2. (1) In this Act . company means any body corporate or unincorporated [29 of 1988. 8 of 1996. association, including a partnership;. 13 of 2010]. licence means a licence to engage in Petroleum operations granted in accordance with this Act and of any Regulations;. licensed area means, subject to subsection (2), the area (whether a submarine area or on land) that is described by any Exploration Licence or any Exploration and Production Licence.

9 Licensee means any person to whom a licence is granted, and includes his agents, representatives and assignees;. natural gas means Petroleum in the gaseous state;. non-resident company , subject to the above definition of company , has the meaning assigned to that expression in Ch. 75:02. the Corporation Tax Act;. Order means an Order made by the Minister under the authority of this Act or the Regulations;. petrochemical means such a chemical compound or a mixture of such compounds manufactured from Petroleum or Petroleum products as is prescribed by Order made by the Minister;. Petroleum means any mixture of naturally occurring hydrocarbons and hydrocarbon compounds;. UNOFFICIAL VERSION. UPDATED TO DECEMBER 31ST 2012. LAWS OF TRINIDAD AND TOBAGO.

10 Petroleum Chap. 62:01 7. MINISTRY OF LEGAL AFFAIRS Petroleum operations means the operations related to the various phases of the Petroleum industry, and includes natural gas processing, exploring for, producing, refining, transporting and marketing Petroleum or Petroleum products or both, and manufacturing and marketing of petrochemicals; but does not include mining operations involving the extraction of Petroleum from bituminous shales, tar sands, asphalt or other like deposits;. Petroleum product means any finished or partly finished product derived from Petroleum by any refining process;. private Petroleum rights means rights to Petroleum that are not public Petroleum rights;. public Petroleum rights means rights to Petroleum in its natural condition in strata existing in.