prospection agreement does not grant the right to advance oil exploration, says PGR – Digital Journal

The question of the exploration contracts foresee or not the exploitation of reserves that can be found has excited discussion among the members of the PS and PSD in Economy Commission, Innovation and Public Works, which has been hearing the parties the granting of oil onshore (land) of the Algarve basin (in the municipalities of Aljezur and Tavira) to Portfuel of Sousa Cintra.

Just the opinion requested by the Government to the validity of the two contracts Portfuel , the Advisory Council of the PGR states that ‘the contract does not provide in advance the right of exploitation of oil deposits that may be discovered “

Digital Money with Lusa

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