Petroleum Operations Regulations
THE REVISED REGULATIONS ON PETROLEUM OPERATIONS, LEGAL NOTICE 45/2000
Article 1. Short Title
These Regulations may be cited as "the Revised Regulations on Petroleum Operations, Legal Notice No. 45/2000”.
Article 2. Interpretation
In these Regulations unless the context otherwise requires:
• "Commercial Discovery" means a Discovery that can be produced commercially after
consideration of all pertinent operating and financial data collected during the performance of the appraisal work program and otherwise, including but not limited to Crude Oil or Natural Gas recoverable reserves, sustainable production levels and other relevant technical and economic factors, according to generally accepted international petroleum industry practices.