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UPSTREAM PETROLEUM RESOURCES DEVELOPMENT ACT: DRAFT REGULATIONS OUT FOR COMMENT
- 14 April 2025
- Minerals & Energy
- SA Legal Academy
The Department of Mineral Resources & Energy has gazetted draft regulations under the 2024 Upstream Petroleum Resources Development Act, calling for input by 14 May 2025. This is noting that the Act’s section 111 provides for the new statute’s phased commencement.
The proposed new regulations focus on:
- licence and permit-related application processes and procedures
- associated rights-related obligations
- health and safety matters, and
- appeals.
As SA Legal Academy has regularly reported, the Act:
- creates an independent piece of legislation for the sector, and
- seeks to:
- provide for ‘much-needed legislative and regulatory certainty’, as well as to
- facilitate the sector’s ‘economic transformation’, among other things by ‘enhancing’ state participation.
Once in force, it will make a ‘state petroleum company responsible for managing state participation in exploration and production activities through a 20% carried interest in petroleum rights’.
Published by SA Legal Academy Policy Watch
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