Petroleum Agreements (Currency Provisions) Act 1978 | ESCAP Policy Documents Managment

Meta Data

Draft:

Revision of previous policy?:

Draft Year:

1978

Effective Start Year:

1978

Scope:

National

Document Type:

Act

Economic Sector:

Energy

Energy Types:

Oil

Issued by:

Government of Papua New Guinea, Office of Legislative Counsel

Source:

Paclii

File:

Petroleum Agreements (Currency Provisions) Act 1978

Overall Summary:

The Petroleum Agreements (Currency Provisions) Act 1978 is an Act to give the force of law to certain provisions of certain agreements relating to petroleum.

Governance

National policy structure:

AN ACT entitled Petroleum Agreements (Currency Provisions) Act 1978, Being an Act to give the force of law to certain provisions of certain agreements relating to petroleum.

Full Document Text

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Chapter 348.

Petroleum Agreements (Currency Provisions) Act 1978.

Certified on: / /20 .

INDEPENDENT STATE OF PAPUA NEW GUINEA.

Chapter 348.

Petroleum Agreements (Currency Provisions) Act 1978.

ARRANGEMENT OF SECTIONS.

1. Interpretation.

“the Agreement relating to PPL No. 17”

“the Agreement relating to PPL No. 18”

2. Currency provisions to have the force of law.

SCHEDULE 1 – Currency.

INDEPENDENT STATE OF PAPUA NEW GUINEA.

AN ACT

entitled

Petroleum Agreements (Currency Provisions) Act 1978,

Being an Act to give the force of law to certain provisions of certain agreements relating to petroleum.

1. Interpretation.

In this Act, unless the contrary intention appears–

“the Agreement relating to PPL No. 17” means the agreement entered into on 25 July 1978 between the State, Australasian Petroleum Company Proprietary Limited and Niugini Gulf Oil Pty. Limited relating to Petroleum Prospecting Licence No. 17 (the area of which covers substantially the area of Permit No. 76);

“the Agreement relating to PPL No. 18” means the agreement entered into on 25 July 1978 between the State, Australasian Petroleum Company Proprietary Limited, BP Petroleum Development Australia Pty. Limited and Niugini Gulf Oil Pty. Limited relating to Petroleum Prospecting Licence No. 18 (the area of which covers substantially the area of Permit No. 77).

2. Currency provisions to have the force of law.

(1) Clause 10 of the Agreement relating to PPL No. 17, a copy of which clause is set out in Schedule 1, has the force of law as if contained in this Act and applies notwithstanding anything to the contrary in any other law in force in the country.

(2) Clause 10 of the Agreement relating to PPL No. 18, a copy of which clause is set out in Schedule 1, has the force of law as if contained in this Act and applies notwithstanding anything to the contrary in any other law in force in the country.

SCHEDULE 1 – Currency.

Sec. 2.

Agreement

Office of Legislative Counsel, PNG