Podcast
Questions and Answers
What is the minimum period of written notice required to be served to the Commission or Authority before instituting a suit against them?
What is the minimum period of written notice required to be served to the Commission or Authority before instituting a suit against them?
- One week
- Three months
- One month (correct)
- Two months
What information must a notice of intent to sue include?
What information must a notice of intent to sue include?
- Only the cause of action
- Only the claimant's name and address
- The cause of action, claim details, claimant's name and address, and the relief sought (correct)
- None of the above
How can notices, summons, or other documents be served to the Commission or Authority?
How can notices, summons, or other documents be served to the Commission or Authority?
- By fax or email
- Only by mail
- Only by personal service
- By delivering them to the offices of the Commission or Authority (correct)
What is the minimum period of notice required before executing or attaching any property of the Commission or Authority?
What is the minimum period of notice required before executing or attaching any property of the Commission or Authority?
Which Act does the PIA not take precedence over?
Which Act does the PIA not take precedence over?
What happens when there are inconsistencies between the provisions of the PIA and other enactments or laws?
What happens when there are inconsistencies between the provisions of the PIA and other enactments or laws?
What is the relationship between the PIA and other enactments or laws, in general?
What is the relationship between the PIA and other enactments or laws, in general?
What will continue to have an effect despite the change?
What will continue to have an effect despite the change?
What type of allowances will be carried over if they relate to upstream petroleum operations?
What type of allowances will be carried over if they relate to upstream petroleum operations?
What is the objective of the Schedules section?
What is the objective of the Schedules section?
What should be ensured when creating a visual description or sketch?
What should be ensured when creating a visual description or sketch?
How should the yellow text be represented in the OST?
How should the yellow text be represented in the OST?
What is the instruction for the title of the slide?
What is the instruction for the title of the slide?
What type of credits will not be carried over?
What type of credits will not be carried over?
What is the purpose of conducting a skills gap analysis in the context of inter-agency transfers?
What is the purpose of conducting a skills gap analysis in the context of inter-agency transfers?
What type of document is required for crude oil production by converted oil mining leases based on a conversion contract and renewals?
What type of document is required for crude oil production by converted oil mining leases based on a conversion contract and renewals?
Which of the following institutions is responsible for regulating petroleum products pricing?
Which of the following institutions is responsible for regulating petroleum products pricing?
What is the maximum production allowance for crude oil production by converted oil mining leases based on a conversion contract and renewals?
What is the maximum production allowance for crude oil production by converted oil mining leases based on a conversion contract and renewals?
What percentage of gross revenues determined at the measurement points is the cost-price ratio limit?
What percentage of gross revenues determined at the measurement points is the cost-price ratio limit?
What is the purpose of transferring existing host community development projects or schemes?
What is the purpose of transferring existing host community development projects or schemes?
What other products are also subject to the production allowances?
What other products are also subject to the production allowances?
Who is responsible for initiating an inter-agency transfer of staff?
Who is responsible for initiating an inter-agency transfer of staff?
Who is responsible for establishing the detailed procedures for determining the production allowances?
Who is responsible for establishing the detailed procedures for determining the production allowances?
What is the purpose of the Petroleum Equalisation Fund?
What is the purpose of the Petroleum Equalisation Fund?
What is the purpose of the Sixth schedule?
What is the purpose of the Sixth schedule?
What is the outcome of transferring staff based on skills gap analysis?
What is the outcome of transferring staff based on skills gap analysis?
What is the percentage of the fiscal oil price that the production allowance for crude oil production shall be compared to?
What is the percentage of the fiscal oil price that the production allowance for crude oil production shall be compared to?
What is the purpose of establishing a host communities development trust?
What is the purpose of establishing a host communities development trust?
How many schedules are contained in the Act?
How many schedules are contained in the Act?
What is the subject matter of the First Schedule?
What is the subject matter of the First Schedule?
Which schedule deals with Production Allowances and Cost Price Ratio Limit?
Which schedule deals with Production Allowances and Cost Price Ratio Limit?
What is the subject matter of the Seventh Schedule?
What is the subject matter of the Seventh Schedule?
What is the subject matter of the Fourth Schedule?
What is the subject matter of the Fourth Schedule?
What is the subject matter of the Third Schedule?
What is the subject matter of the Third Schedule?
What is the subject matter of the Fifth Schedule?
What is the subject matter of the Fifth Schedule?
What is the subject matter of the Eighth Schedule?
What is the subject matter of the Eighth Schedule?
What is the subject matter of the Second Schedule?
What is the subject matter of the Second Schedule?
What is the subject matter of the Sixth Schedule?
What is the subject matter of the Sixth Schedule?
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I + EPF) < EPP.
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I + EPF) < EPP.
The National Reference Price (NRP) is US $2/MMBtu.
The National Reference Price (NRP) is US $2/MMBtu.
The End Product Factor (EPF) is described by the formula (CMPP + PRP)/ PRP.
The End Product Factor (EPF) is described by the formula (CMPP + PRP)/ PRP.
The Product Reference Price (PRP) varies depending on the industry.
The Product Reference Price (PRP) varies depending on the industry.
The Authority may establish new values for one or more gas-based businesses through regulation.
The Authority may establish new values for one or more gas-based businesses through regulation.
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I - EPF) < EPP.
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I - EPF) < EPP.
The End Product Price (EPP) is the domestic base price under section 168 (1).
The End Product Price (EPP) is the domestic base price under section 168 (1).
The Average Current Month End Product Price is denoted by CMPP.
The Average Current Month End Product Price is denoted by CMPP.
The Authority may adjust the Pricing Formula for Gas Price for the gas-based industries through regulation.
The Authority may adjust the Pricing Formula for Gas Price for the gas-based industries through regulation.
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I * EPF) < EPP.
The Pricing Formula for Gas Price for the gas-based industries is CP = NRP *(I * EPF) < EPP.
