(1) The Petroleum (Exploration and Production) Act, 1984 (PNDCL 84) is hereby repealed.

(2) Despite the repeal of PNDCL 84, the Regulations, rules by-laws, notices, orders, directions, appointments or any act lawfully made or done under the repealed enactment and in force immediately before the commencement of this Act shall continue to have effect until revoked, cancelled or terminated.