These regulations set out the minimum experience required in order to be granted an offshore petroleum right, including that of contractors who must have experience in carrying out offshore seismic mapping, necessary drilling experience, etc. The regulations also stipulate that an applicant for an offshore preliminary permit with priority right must have proven financial capacity to cover half the estimated cost of executing the work program to be approved for the license. Under the regulations, an applicant must also relinquish at least 40% of the area of the permit area and will be entitled to request a license under the priority right on the remaining area only. The area of an offshore preliminary right permit with priority right may not exceed 4,000 square km