368Minister may request special greenhouse gas holding lessee to apply for a greenhouse gas injection licence

368 Minister may request special greenhouse gas holding lessee to apply for a greenhouse gas injection licence

(a) a special greenhouse gas holding lease is in force; and

(b) one or more identified greenhouse gas storage formations are wholly situated in the lease area; and

(c) the Minister is satisfied that, if the lessee were to apply under section 379 for the grant of a greenhouse gas injection licence over the block or blocks in which the identified greenhouse gas storage formation or formations are wholly situated, the Minister would not refuse to grant the greenhouse gas injection licence on a ground covered by section 383(1)(c), (d), (e), (f) or (g)—

the Minister may, by written notice given to the lessee—

(d) request the lessee to notify the Minister, within 180 days after the day on which the notice is given to the lessee, of the lessee's intention to apply for the greenhouse gas injection licence; and

(e) request the lessee to apply for the greenhouse gas injection licence within 2 years after the day on which the notice is given to the lessee.

(2) If the lessee does not comply with a request under subsection (1), the Minister may cancel the lease.

Division 6—Cancellation of certain greenhouse gas holding leases granted to the holders of petroleum retention leases