Lawgist10Availability of areas for grant of permit, licence or lease
(1) Within six months from the date of commencement of this Act, and subsequently at such times as may be considered necessary in this behalf by the administering authority, it shall, by notification in the Official Gazette, declare the parts of the offshore areas which shall be available for grant of reconnaissance permit, exploration licence or production lease.
(2) Any application for the grant of reconnaissance permit, exploration licence or production lease in respect of any area not covered by a notification issued under sub-section (1) shall be deemed to be premature and no application shall be entertained therefor.
(3) Operating rights shall be granted in standard block of five minutes longitude by five minutes latitude and such grant may cover more than one standard block which shall be contiguous.
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- 5 Reconnaissance, exploration or production to be under permit, licence or lease
- 6 Grant of operating right
- 7 Termination of operating right
- 8 Reservation of areas
- 9 Power of close areas
- 10 Availability of areas for grant of permit, licence or lease
- 11 Grant of reconnaissance permit
- 12 Grant of exploration licence
- 13 Grant of production lease
- 14 Period of commencement of operating rights
- 15 Power of Central Government to authorise survey, research and scientific investigations in areas covered under operating rights
- 16 Royalty
- 17 Fixed rent
- 18 Contribution towards International Seabed Authority
- 19 Safety of persons and property
- 20 Prevention and control of pollution and protection of marine environment
- 21 Power of Central Government and administering authority to issue directions
