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The Regulations on administrative punishing in the oil and gas sector in Vietnam

The Regulations on administrative punishing in the oil and gas sector in Vietnam - 

The Government has just issued Decree No. 99/2020/ ND-CP on the regulations to punish the administrative violations in the petroleum relevant activities (searching, exploring, exploiting and trading petroleum). The Decree stipulates the maximal administrative violation in exploring and exploiting oil and gas as 01 billion VND for an individual and 02 billion VND for an organization.

In detail, regarding the petroleum exploration:

Punishing 300 -400 million VND for drilling out of the area stated in the contract when the competent authority has not allowed it, but this action has not led to arise sources of income or the money sum of an illegal profit obtained below 1 billion.

Punishing 400 – 600 million VND for implementing exploration without a contract or when the activity program and annual budget have not been approved by competent level but this action has not led to arise the sources of income or money sum of an illegal profit obtained below 1 billion.

Punishing 400-600 million VND for petroleum search and exploration in the areas where the Socialist Republic of Vietnam (SRV) has declared to prohibit or provisionally prohibit petroleum activities, but this action has not led to arise the sources of income or money sum of an illegal profit obtained bellow 100 million VND.

Punishing 1.8 – 2.0 billion VND for the actions to violate the areas belonging to the mainland, islands, internal waters, territorial waters, exclusive economic zones and continental shelf of the Socialist Republic of Vietnam for the petroleum research, search and exploration, but these actions have not led to arise sources of income or money sum of an illegal benefit obtained bellow 100 million VND.

To punish up to 600 million VND for petroleum exploitation in prohibited areas:

Punishing 400 – 500 million VND for one of the following actions: developing fields and exploiting petroleum in case that the development plan or activity program and the respective annual budget have not been approved by competent authority; implementing petroleum exploitation beyond the area stated in the contract without permission of the competent state authority Punishing 500 – 600 million VND for implementing petroleum exploitation in the areas where the SRV declared to prohibit or provisionally prohibit petroleum exploitation.

Pushing 1.8 – 2.0 billion VND for the actions to violate the mainland, islands, internal waters, territorial waters, exclusive economic zones and continental shelf of SRV for petroleum exploitation.

VER.

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