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14. Period of commencement of operating rights.-

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:-

(a) reconnaissance permit - six months;

(b) exploration licence - one year; and

(c) production lease - two years.

Offshore Areas Mineral (Development and Regulation) Act, 2002 Back

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