GENERAL PROVISIONS FOR ACQUISITION OF OPERATING RIGHTS IN THE OFFSHORE AREAS
Section 14: Period of commencement of operating rights.
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:—
(a) reconnaissance permit six months;
(b) exploration licence one year; and
(c) production lease two years.