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Repeal of certain provisions of Act of 1960 and transitional provisions
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21. (1) Subject to subsections (2) to (6), the following provisions of the Act of 1960 are repealed:
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(a) section 7 (other than subsection (4) of that section);
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(b) section 8;
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(c) section 9;
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(d) section 10 (other than subsection (4) of that section);
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(e) section 13.
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(2) Where, prior to the commencement of this section, the Minister has entered into an undertaking with a person under section 7 of the Act of 1960, the Minister may:
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(a) grant an exploration licence under section 8 of the Act of 1960 to the person concerned;
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(b) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;
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(c) enter into an undertaking under section 10 of the Act of 1960 with the person concerned.
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(3) Where, prior to the commencement of this section or by virtue of this section, the Minister has granted an exploration licence to a person under section 8 of the Act of 1960, the Minister may:
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(a) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;
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(b) enter into an undertaking under section 10 of the Act of 1960 with the person concerned;
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(c) grant a petroleum lease under section 13 of the Act of 1960 to the person concerned.
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(4) Where, prior to the commencement of this section or by virtue of this section, the Minister has entered into an undertaking with a person under section 10 of the Act of 1960, the Minister may:
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(a) grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned;
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(b) grant a petroleum lease under section 13 of the Act of 1960 to the person concerned.
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(5) Where, prior to the commencement of this section or by virtue of this section, the Minister has granted a petroleum lease to a person under section 13 of the Act of 1960, the Minister may grant a petroleum prospecting licence under section 9 of the Act of 1960 to the person concerned.
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(6) The repeal of the sections referred to in subsection (1) shall not affect—
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(a) an undertaking entered into under section 7 of the Act of 1960,
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(b) an exploration licence granted under section 8 of the Act of 1960,
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(c) a petroleum prospecting licence granted under section 9 of the Act of 1960,
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(d) an undertaking entered into under section 10 of the Act of 1960, or
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(e) a petroleum lease granted under section 13 of the Act of 1960.
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