Petroleum (Exploration and Production) 1986 Act

This document is part of the source library for NRGI's 2021 Resource Governance Index, a comprehensive measure of the quality of natural resource governance in oil, gas and mineral-rich countries. To access the full dataset and all other index resources, visit https://resourcegovernanceindex.org.

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Petroleum (Exploration and Production) 1986 ActPDF
This document was used in the creation of the 2021 Resource Governance Index.
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Additional Info

Field	Value
Sector	Oil and Gas
Country	Guyana
Year
RGI Edition Year	2021
Topic	Contract transparency and monitoring, Licensing and negotiation, Mandatory payment disclosure, Measurement of environmental and social impacts, Open data, Tax policy and revenue collection
Document Type	PDF
RGI Sub-component
RGI Questions	1.1.1a: Does the government publicly disclose data on extractive resource reserves?, 1.2.1a: Does the government publicly disclose data on the volume of extractive resource production?, 1.2.2a: Does the government publicly disclose data on the value of extractive resource exports?, 1.1.9a: Is the government required to publicly disclose all signed licenses/contracts with extractive companies?, 1.1b: Who is the licensing authority (i.e. who has the authority to grant exploration and extraction rights to companies)?, 1.1c: What licensing process does the licensing authority follow?, 1.1.3a: Is the government required to set pre-defined criteria by which companies become qualified to participate in a licensing process?, 1.1.3b: Prior to each licensing process, is the licensing authority required to disclose a list of biddable terms or negotiable terms?, 1.1.3c: Prior to each license process, is the licensing authority required to disclose the rules governing the licensing process, such as auction or negotiation rules?, 1.1.10c: Who has the primary authority to monitor compliance with the operational aspects of licenses/contracts?, 1.1.5a: Following each licensing process, is the licensing authority required to disclose the list of companies that submitted license applications (in the case of a first-come, first served; or negotiation round) or bids (in the case of an auction)?, 1.2.5a: Do rules specify the income tax rate(s) applying to extractive companies? , 1.3.7a: Are there rules governing compensation to landowners or land users when project development interferes with their access to or use of land?, 1.3.7b: Are there specific procedures governing the resettlement of land users when project development interferes with their access to or use of land?, 5.6a: Are there rules governing compensation when project development interferes with people's livelihoods (aspects of both tangible and intangible value)?, 5.6b: Do existing rules governing the compensation and resettlement process include the following principles: - principle of consent of affected persons - principle of replacement cost for compensation - the right to be assisted for the restoration of livelihoods - the right to appeal against decisions on compensations., 5.6c: Are there rules requiring the disclosure of the Resettlement Action Plan or the Livelihood Restoration Plan, in the event that they are required when a project interferes with people's livelihoods?
Did this document contribute to RGI scoring?	Used for scoring
Are the RGI questions here tagged with law and/or practice	Law and Practice (Both)
Publisher
Author
Source or API link	https://parliament.gov.gy/publications/acts-of-parliament/petroleum-exploration-and-production-act-1986
Maintainer	Natural Resource Governance Institute
Maintainer Email	Natural Resource Governance Institute