67LProduction licence

### 67L Production licence > > (1)  On granting an application for a licence*,* the Minister is to issue a petroleum production licence or a geothermal production licence. > > > (2)  A licence is to – > > > > > > (a) be in an approved form; and > > > > > > > (b) include the following particulars: > > > > > > > > > > (i) a description of the area of land comprised in the licence; > > > > > > > > > > > (ii) the total area of that land; > > > > > > > > > > > (iii) the minerals, or category of minerals, to which the licence relates; > > > > > > > > > > > (iv) the terms and conditions to which it is subject; > > > > > > > > > > > (v) the period for which it is in force. > > > (3)  A licensee is to pay rent to the Crown in respect of the land to which the licence relates at a prescribed rate and in a prescribed manner.