The Petroleum (Reconnaissance and Tendering) (Amendment) Regulations, 2023 and shall be read as one with the Petroleum

1. These Regulations may be cited as the Petroleum Tendering) (Amendment) Regulations, 2023 and shall be read as (Reconnaissance and one with Tendering) Regulations, 2019 hereinafter referred to as the “principal Regulations”. the Petroleum and

2. The principal Regulations are amended in regulation 4 by deleting subregulations (2) and (3) and substituting for them the following: 1 Petroleum (Reconnaissance and Tendering) (Amendment) Regulations GN. NO. 270 (Contd) “(2) An application for a reconnaissance permit shall be made to the Authority in a manner prescribed in the Guidelines and shall be accompanied by evidence of payment of prescribed fee. (3) An application reconnaissance permit shall contain- for the grant of (a) in case of an individual person, full name and nationality, physical and postal address; (b) in the case of a body corporate, its corporate of name, names incorporation, and of nationality directors accompanied by necessary documents and certificates; place (c) in case of more than one particulars person, referred in paragraph (a) of each of those persons; (d) the size of the area to which the application relates; and (e) the reconnaissance work programme proposed to be carried expected out expenditure in respect of the area to which the application relates; (f) the proposed duration for which the permit is 2 Petroleum (Reconnaissance and Tendering) (Amendment) Regulations GN. NO. 270 (Contd) sought which shall not exceed years three otherwise unless determined the by Authority; (g) an assessment of the the impact which proposed reconnaissance operations may have on the and society environment and their mitigation plans; description of capacity including financial and technical resources available to the applicant.”. (h) a Deletion and substitution of regulation 10

3. The principal Regulations are amended by deleting regulation 10 and substituting for it the following:

10.-(1) Where the contracts and Authority reconnaissance a grants to a Geophysical permit undertake Company to reconnaissance activities using the Company’s own funds, such company shall, within thirty days from the effective date of the permit, provide a commitment letter or in case of a subsidiary or special purpose vehicle, a parent company guarantee, the for fulfilment of “Rec onnai ssanc e perm it guar antee 3 Petroleum (Reconnaissance and Tendering) (Amendment) Regulations GN. NO. 270 (Contd) obligations under the permit and reconnaissance work programme. the (2) Where contracts and Authority a grants reconnaissance to a Geophysical permit undertake Company to activities reconnaissance funds, using Authority’s such company shall, within thirty days from the effective date of the permit and in a the approved by form Authority, provide to the Authority a performance guarantee for fulfilment of the the obligations under permit and reconnaissance work programme. (3) The performance guarantee provided under subregulation (2) shall be- (a) in a form of unconditional bank guarantee equivalent to ten percent of the estimated expenditure the reconnaissance work programme and shall remain sixty effective after days for 4 Petroleum (Reconnaissance and Tendering) (Amendment) Regulations GN. NO. 270 (Contd) the the (b) returned expiration of the permit; and to holder of reconnaissance permit by the Authority upon completion of the reconnaissance work programme. (4) Where a holder of a reconnaissance permit fails the complete to work reconnaissance the programme within stipulated the period, Authority may revoke the permit and the holder shall pay to the Authority the part of the expenditure obligation which is equivalent to the the uncompleted part of reconnaissance work programme.”. 5 Petroleum (Reconnaissance and Tendering) (Amendment) Regulations GN. NO. 270 (Contd) Amendment of regulation 14

4. The principal Regulations are amended adding regulation 14 by subregulation (3) the following: immediately in after “(4) The Authority shall audit the revenue and costs relating activities to undertaken and the transactions relating to the permit.”. reconnaissance Dodoma, .............................., 2023 JANUARY YUSUF MAKAMBA Minister for Energy 6