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Mineral and Petroleum Resources Development Act, 2002 (Act No. 28 of 2002)

Chapter 6 : Petroleum Exploration and Production

77. Issuing and duration of technical co-operation permit

 

(1) Subject to subsection (4), the Minister must issue a technical co-operation permit if—
(a) the applicant has access to financial resources and has the technical ability to conduct the proposed technical co-operation study;
(b) the estimated expenditure is compatible with the intended technical co operation study and duration of the technical co-operation programme; and
(c) the applicant is not in contravention of any relevant provision of this Act

 

(2) The Minister must refuse to issue a technical co-operation permit if the application does not meet all the requirements referred to in subsection (1).

 

(3) If the Minister refuses to issue a technical co-operation permit, the Minister must, within 30 days of the decision, in writing notify the applicant of the decision and the reasons therefor.

 

(4) A technical co-operation permit issued in terms of subsection (1) is—
(a) subject to prescribed terms and conditions;
(b) valid for a period not exceeding one year;
(c) not transferable; and
(d) not renewable.