The full form of PEL, as indicated in the reference material, is Petroleum Exploration Licence.
A Petroleum Exploration Licence (PEL) is a permit granted by a government or regulatory body that allows a company or individual to explore for petroleum (oil and gas) within a specified geographical area. This license confers the right to conduct activities such as geological surveys, seismic testing, and exploratory drilling to assess the potential for commercially viable petroleum deposits. The specific terms and conditions of a PEL, including its duration and the obligations of the licensee, vary depending on the jurisdiction and the particular agreement. Obtaining a PEL is typically the first step in the process of developing a petroleum resource.
