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Petroleum Operations "Petroleum Operations" means all operations under a production sharing contract for exploration and/or exploitation of petroleum in a Contract Area, including development of petroleum fields and production of petroleum.
PU(A) 207/1997 - MALAYSIA-THAILAND JOINT AUTHORITY (STANDARDS OF PETROLEUM OPERATIONS) REGULATIONS 1997
2. Interpretation. |
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petroleum operations "petroleum operations" means- (a) searching for and winning or obtaining of petroleum in Malaysia by or on behalf of any person for his own account or on a joint account with any other person by any drilling, mining, extracting or other like operations or process, in the course of a business carried on by that person engaged in such operations, and all operations incidental thereto, and any sale or disposal by or on behalf of that person of petroleum so won or obtained, and includes the transportation within Malaysia by or on behalf of that person of petroleum so won or obtained to any point of sale or delivery or export, but does not include- (i) any transportation of petroleum outside Malaysia; (ii) any process of refining or liquefying of petroleum; (iii) any dealings with products so refined or liquefied; or (iv) service involving the supply and use of rigs, derricks, ocean tankers and barges; and (b) any sale or disposal by Petroleum Nasional Berhad within Malaysia of petroleum obtained from outside of Malaysia and includes the transportation within Malaysia by, or on behalf of, Petroleum Nasional Berhad of such petroleum to any point of sale or delivery within Malaysia;
ACT 543 - PETROLEUM (INCOME TAX) ACT 1967 (Revised 1995)
2. Interpretation. |