Chương 2: Luật dầu khí 1993 :Hoạt động dầu khí

Chapter II.

PETROLEUM ACTIVITIES

Article 4. Organizations and individuals conducting petroleum activities must employ advance techniques and technologies and comply with Vietnamese laws on natural- resource protection, environmental protection and safety for humans and property.

Article 5. Organizations and individuals conducting petroleum activities draw up schemes for environmental protection, apply all measures to prevent pollution, get rid of all polluting causes and have to address the consequences caused by environmental pollution incidents.

Article 6. Organizations and individuals conducting petroleum activities must establish safety zones for works in service of petroleum activities as provided for by the Vietnamese Government.

Article 7. Organizations and individuals conducting petroleum activities must buy insurance for means and facilities in service of petroleum activities, environmental insurance and other insurances as provided for by Vietnamese law, in accordance with international practices in petroleum industry.

Article 8. The prospection and exploration area for a petroleum contract shall be determined on the basis of lots delimited by the Vietnamese Government.

Article 9. Petroleum activities must not be conducted in zones banned or temporarily banned by the Vietnamese State for reasons of national defense, security or public interests.

Where petroleum activities have been licensed but are banned or temporarily banned, the Vietnamese Government shall satisfactorily settle damage caused to organizations and/or individuals by such bans or temporary bans.

Article 10. The Vietnamese Government permits organizations and/or individuals to conduct activities of scientific research, prospecting, exploring and exploiting minerals and other natural resources than petroleum within the areas covered by petroleum contracts according to Vietnamese law. These activities must not obstruct and cause harms to petroleum activities.

Article 11. All specimen, data and information gathered in the process of conducting petroleum activities belong to the Vietnamese State’s ownership. The management and use of , data and information must comply with the provisions of Vietnamese laws.

Article 12. Organizations and individuals conducting petroleum activities are allowed to install, operate and maintain fixed works and equipment in service of petroleum activities; are allowed to construct and use traffic ways, pipe lines, depots in service of petroleum transportation and storage according to the provisions of Vietnamese laws.

The above-said fixed works and equipment shall belong to the Vietnamese State’s ownership from the time agreed upon by parties to petroleum contracts.

Article 13. Upon the termination of petroleum activities, organizations and individuals must free the used areas and dismantle fixed works and equipment at the requests of competent State management agencies.

Article 14. Vietnam Petroleum Corporation (with its international transaction name being “PETROVIETNAM”) is a State enterprise set up by the Vietnamese Government to conduct petroleum activities and sign petroleum contracts with organizations or individuals conducting petroleum activities according to the provisions of this Law.