Transitional provisions and savings

(1) The transitional provisions and savings shall be such as are specified in the Schedule. 31 SCHEDULE PETROLEUM ACT Transitional Provisions and Savings [Section 41] 1. In this Schedule, Definitions. “the commencement” means the 1st day of October, 1991; “the repealed Act” means the Petroleum (Production) Act, 1937, Cap. 184 R. E. 1980-1990, repealed by section 41 of this Act. General savings. 2. Except insofar as the context or subject matter otherwise indicates or requires, nothing in this Schedule affects, (a) anything duly done or commenced to be done under the repealed Act; (b) any liability incurred under the repealed Act; (c) any penalty, forfeiture or punishment incurred in respect of any offence committed against any provision of the repealed Act; or (d) any investigation, inquiry, legal proceedings or remedy in respect of any such liability, penalty, forfeiture or punishment, and any such investigation may be continued or enforced, and any such penalty, forfeiture or punishment may be imposed and enforced, as if this Act had not been enacted. 32 Petroleum 3. A licence granted under the repealed Act that is in force immediately before the commencement shall continue in force in accordance with the provisions thereof for the unexpired term (as at the commencement) of the licence and the provisions of the repealed Act shall apply to such licence as if the repealed Act were in force and this Act had not been enacted, Licences under repealed Act. Provided that the Minister may, at the request of the licensee, at any time terminate the licence granted under the repealed Act and enter into a contract under the provisions of this Act. Power to make rules. 4. The Minister may, by rules under this paragraph, make whatever provisions seem to him to be necessary or desirable for a smooth transition from arrangements under the repealed Act to the arrangements under this Act.