155Conditions of declared petroleum production licences—approval of key petroleum operations

155 Conditions of declared petroleum production licences—approval of key petroleum operations

(1) A declared petroleum production licence is subject to the condition that the licensee will not carry on key petroleum operations under the licence unless the Minister has approved the operations under section 156.

(2) Despite section 151(2), the condition mentioned in subsection (1) does not need to be specified in the licence.

(3) If, under section 156, the Minister approves the carrying on of one or more key petroleum operations under a declared petroleum production licence, the Minister may, by written notice given to the licensee, vary the licence by imposing one or more conditions to which the licence is subject.

(4) A variation of a declared petroleum production licence under subsection (3) takes effect on the day on which notice of the variation is given to the licensee.

(5) A condition imposed under subsection (3) may require the licensee to ensure that—

made in the licence area by any person engaged or concerned in operations authorised by the licence are made in a manner, and to a standard, that will facilitate the plugging or closing off of the wells in a way that restores or maintains the suitability of a part of a geological formation for the permanent storage of greenhouse gas substances.

(a) a declared petroleum production licence is subject to a condition; and

the Minister may, by written notice given to the licensee, vary or revoke the condition.

(8) A variation of a declared petroleum production licence under subsection (7) takes effect on the day on which notice of the variation is given to the licensee.

(9) Subsection (8) does not limit section 260.

S. 155A inserted by No. 16/2018 s. 26.