152Standard conditions of petroleum production licences

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152 Standard conditions of petroleum production licences

(1) A petroleum production licence may be granted subject to a general condition requiring the licensee to—

(a) explore for petroleum in the licence area with a view to determining whether there is any additional recoverable petroleum in the licence area; and

(b) recover such petroleum if it is commercially viable to do so.

S. 152(2) amended by No. 16/2018 s. 25.

(2) Subsection (1) does not limit section 151(1), 155(3) or 155A(1).

S. 152A inserted by No. 20/2020 s. 31.

Section 152 - Offshore Petroleum and Greenhouse Gas Storage Act 2010 - Standard conditions of petroleum production licences | Zoe