Section 8
Petroleum agreement
Upon an application made in that behalf by any person desirous of exploring, prospecting or mining for petroleum the
Petroleum Authority may, subject to subsection (2) and section 9, enter into a petroleum agreement with that person in respect of any area of land included in the application.
(2)
Save as provided in section 9, every petroleum agreement shall cover an area of land not exceeding 4,000 square miles, and shall be in the form and shall contain the terms and conditions of the model petroleum agreement under paragraph 12(1)(i):
Provided that the Petroleum Authority may make such modifications and exclusions and may add such additional clauses covering ancillary matters in respect of any particular petroleum agreement as to the Petroleum Authority may seem fit.