5. Conduct of Petroleum Operations

5. Conduct of Petroleum Operations:

(1) Subject to the provisions of this Act and Rules framed hereunder and the Petroleum Agreement, Petroleum
Operations shall be conducted:
(a) With due diligence, efficiency, economy and in
accordance with sound petroleum industry practices.
(b) With due regard to the safety of persons and property,
with particular care to avoid damage to forest and other
natural resources and to avoid pollution and ecological
damage.
(c) In accordance with the best conservation practices in
order to secure the maximum ultimate recovery of
Petroleum.
(2) All samples, data and information obtained from Petroleum
Operations shall be the property of Government of Nepal.
(3) All permanent facilities constructed and all other materials and
equipments permanently installed for the production, treatment,
transportation or storage of Petroleum shall be the property of Government
of Nepal.