OAM Act 14Chapter II · General Provisions for Acquisition of Operating Rights in the Offshore Areas
Section 14 · Period of commencement of operating rights
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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:--
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| (a) reconnaissance permit | six months; |
| 1[(aa) composite licence | one year;] |
| (b) exploration licence | one year; and |
| (c) production lease | two years. |
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