Offshore Petroleum and Greenhouse Gas Storage Act 2010
154Renewal conditions of petroleum production licences
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154 Renewal conditions of petroleum production licences
In making a decision about the conditions to which a petroleum production licence granted on renewal will be subject, the Minister must have regard to—
(a) the investment of the licensee, or of any former licensee, during the term of—
(i) the original petroleum production licence; or
(ii) any petroleum production licence granted on a previous renewal—
where the investment relates to—
(iii) operations authorised by the licence concerned; or
(iv) any other development connected with those operations; and
(b) such other matters (if any) as the Minister considers relevant.