8.
(1) The PRDC may, by notice published in local or international media or by other means best calculated to give enter to publicity thereto, invite persons possessing such technical agreements in and financial qualifications as are prescribed, to apply to enter exploration into a Petroleum Resources Agreement with the State in blocks, respect of the defined exploration blocks which are specified in the notice. |
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(2) Every application to enter into a Petroleum Resources Agreement with the State in respect of a defined exploration block shall be made to the PRDC, in the prescribed form and shall contain the prescribed particulars. |
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(3) Each Petroleum Resources Agreement shall be in relation to only one exploration block. |
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