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1.(1) Subject to the provisions of this Act, the property in petroleum existing in its natural condition in strata in Northern Ireland is hereby vested in the Ministry of Commerce (in this Act referred to as "the Ministry"). (2) Subsection (1) shall not apply to any petroleum which vested in the Ministry by virtue of section 6 of and Schedule 1 to, the Minerals (Miscellaneous Provisions) Act (Northern Ireland) 1959 (in this Act referred to as "the Act of 1959"). (3) Without prejudice to its powers to grant licences under section 2, the Ministry shall have the exclusive right of searching and boring for and getting the petroleum vested in it under subsection (1) or by virtue of the provisions of the Act of 1959 referred to in subsection (2) .... (4) Subsection (1) shall not apply to any petroleum vested in Her Majesty or in any department of the Government of the United Kingdom.
© 1964 Crown Copyright
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