1. Title and Commencement
This Act shall be cited as “The Petroleum Act, 2012” and shall come into force on the date of its signature by the President.
2. Repeal and Saving
1. Any provision of existing legislation, the subject matter of which is governed by this Act is hereby repealed to the extent that it conflicts with any provision of this Act.
2. The same principle set out in subsection (1) of this Section, with such modifications as the circumstances require, shall apply to existing proceedings, orders and regulations.