(1) A contractor or sub-contractor shall conduct petroleum operations under a petroleum agreement or petroleum sub-contract, as the case may be, with due diligence and efficiency and in accordance with both such Regulations as may be prescribed and with the best international techniques and practices prevailing in the petroleum industry, in a workman-like manner, observing sound engineering and technical practices and using appropriate advanced technology and effective equipment, machinery, methods and materials.

(2) All data and information obtained by a contractor or sub-contractor as a result of petroleum operations and all geological, geophysical, technical, financial and economic reports, studies, interpretations and analysis prepared by or on behalf of a contractor or sub-contractor in connection with such petroleum operations shall be the property of the Corporation.

(3) A contractor or sub-contractor shall not retain or export or permit the retention or export of any such data or documents referred to in subsection (2) of this section without the prior approval in writing of the Corporation, and where much data or documents are exported, the sub-contractor shall, at the written request of the Corporation, re-export them forthwith to Ghana.

(4) Where such interpretations or analysis referred to in subsection (2) of this section are done outside Ghana, copies of the reports thereon shall be forwarded to the Corporation forthwith by the contractor or sub-contractor responsible for such interpretations or analysis.

(5) A contractor or sub-contractor shall keep all data acquired and any existing data released to him by the State or the Corporation confidential and shall not disclose such data to a third Party without permission from the Secretary except as may otherwise be provided in accordance with the terms of a petroleum agreement or petroleum sub-contract, as the case may be.

(6) A contractor or sub-contractor shall maintain in Ghana complete and accurate records of all operations carried out by him and also complete and accurate books of account, records and registers relating to such activities.

(7) A contractor or sub-contractor shall furnish to the Corporation at regular intervals reports on petroleum operations being carried out by him and shall also furnish to the Corporation such data, information or reports as the Corporation may request.

(8) A contractor or sub-contractor shall furnish the Corporation such performance bonds and guarantees as may be required in accordance with the Regulations and in accordance with the terms of a petroleum agreement or petroleum sub-contract entered into under this Law in order to ensure the fulfilment of the obligations undertaken by such contractor or sub-contractor or the discharge of his liabilities arising out of the operations under such petroleum agreement or petroleum sub-contract and to ensure compliance with this Law and the Regulations.

(9) A contractor or sub-contractor shall at all times keep the Corporation indemnified against claims arising from the operations of such contractor or sub-contractor brought by third parties.

(10) A contractor or sub-contractor shall, in accordance with the Regulations and with the terms of a petroleum agreement or petroleum sub-contract, as the case may be, ensure that opportunities are given as far as is possible for the employment of Ghanaians having the requisite expertise or qualifications in the various levels of the operations.

(11) A contractor or sub-contractor shall not engage in discriminatory practices on grounds of race, nationality or sex in the conditions of service provided for personnel.

(12) A contractor or sub-contractor shall, as far as practicable, in accordance with the Regulations and the petroleum agreement or sub-contract use goods and services produced or provided in Ghana for his operations in preference to foreign goods and services.

(13) A contractor or sub-contractor shall, in consultation with the Corporation, prepare and implement, in accordance with the Regulations and in accordance with the terms of any such petroleum agreement or petroleum sub-contract, plans and programmes for training Ghanaians in all job classifications and in all aspects of petroleum operations.

(14) A contractor or sub-contractor shall while carrying out petroleum operations prepare and implement plans for the transfer to the Corporation of advanced technological know-how and skills relating to petroleum operations but this provision shall not be interpreted to disable the contractor or sub-contractor from protecting their competitive position in the petroleum industry or requiring the Corporation also to take steps to protect such competitive position.

(15) Except for such sub-contractors as may be exempted from the requirements of this subsection by the Regulations, a contractor or sub-contractor which is not an incorporated company in Ghana under the Companies Code, 1963 (Act 179) shall -

(a) register an incorporated company in Ghana under the provisions of the Companies Code, 1963 (Act 179) to be authorised to carry out solely petroleum operations in respect of which a petroleum agreement or petroleum sub-contract has been entered into under this Law and such company shall be a signatory to any petroleum agreement;

(b) maintain an office or establishment in Ghana to carry out petroleum operations and shall have in charge of such office or establishment a representative with full authority to act and to enter into binding commitments on behalf of the contractor or sub-contractor, as the case may be; and

(16) A contractor or sub-contractor shall not transfer any share or shares in its incorporated company in Ghana to a third party either directly or indirectly without the written approval of the Secretary if the effect of such transfer would be either to give such third party control of such company or to enable such third party take over the interests of a shareholder who owns five per centum or more of the shares in such company.

(17) A contractor or sub-contractor carrying out petroleum operations shall maintain at the work site an establishment capable of dealing adequately with fire, oil spills, blow-outs, accidents or other emergency situations so as to prevent or control such situations and to minimise loss or damage therefrom.

(18) A contractor or sub-contractor carrying out petroleum operations shall be responsible for any pollution or damage caused by or resulting from such operations as well as pollution or damage caused by or resulting from petroleum operations undertaken by an agent or employee of such contractor or sub-contractor and shall take all necessary measures to remedy any pollution or damage so caused.

(19) If at any time a contractor or sub-contractor fails to carry out petroleum operations in a safe manner in accordance with the Regulations and with the best international techniques and practices prevailing in the petroleum industry in comparable circumstances, the Corporation may, after giving the contractor or sub-contractor, as the case may be, such notice as may be reasonable in the circumstances, take all measures necessary to ensure safety and may recover the costs and expenses of so doing from the contractor or the sub-contractor.