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In force2022 Revised Edition

4. Invitation to bid

The State Party may invite persons to bid for a petroleum mining

Agreement in respect of any Onshore State Land or Offshore State Land for the purposes of exploration, prospecting for and the mining of petroleum or any of them, and any person so bidding shall conform to such terms and

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conditions as are imposed by the State Party in the invitation to bid. Any person so bidding is referred to in the Act as the applicant.

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