Specifically, the criteria for petroleum lots and fields to receive benefits from investment incentive policies are as follows:
- Petroleum lots located in deep-water, offshore areas, or areas with extremely difficult geographical conditions and complicated geology;
- Ordinary petroleum lots with organized bidding sessions following technical and economic conditions of petroleum contracts but have not received any proposal from contractors or investors;
- Petroleum lots formed from the returned area according to petroleum contracts applying to ordinary petroleum lots;
- Ordinary petroleum lots returned by contractors before the expiry of petroleum contracts;
- Petroleum lots formed from the consolidation of the returned area and the petroleum lots returned by contractors as prescribed in criteria 4 and 5 above.
Marginal petroleum fields subject to ordinary petroleum lots with concluded petroleum contracts;
- Petroleum fields that are allowed to maintain their operations at the end of petroleum contracts but fail to achieve the minimum investment efficiency when applying technical and economic conditions of concluded ordinary petroleum contracts;
- New petroleum objects that have not been searched, explored or petroleum discovered in sedimentary basins.
See more details in the Petroleum Law 2022, which comes into force as of July 1, 2023 and replaces the Petroleum Law 1993.
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Above are the summary and notification of new documents for customers of THU VIEN PHAP LUAT. For more information, please send an email to info@thuvienphapluat.vn.
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