PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 146 Ascertainment of value
PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 146
Ascertainment of value
For the purposes of this Act, the value at the well-head of any petroleum is as being that value.(a) such amount as is agreed between the permittee, lessee, or licensee and the Minister; or(b) in default of agreement within such period as the Minister allows, is such amount as is determined by the Minister, by instrument in writing