Bare ActsThe Offshore Areas Mineral (Development and Regulation) Act, 2002

Section 14

Period of commencement of operating rights.

Amendment status not verified — confirm the current text below against the official source.

A holder of operating right shall commence operation within the period specified below after the grant of the operating right and shall thereafter conduct such operation in proper, skilful and workman-like manner, as follows:-- table (a) reconnaissance permit six months; 1 [(aa) composite licence one year;] (b) exploration licence one year; and (c) production lease two years. /table

Section 14 – The Offshore Areas Mineral (Development and Regulation) Act, 2002 | DailyLaw.ai