241Decision to withdraw acceptance

241 Decision to withdraw acceptance

(1) If the Minister notifies a titleholder under regulation 240(1), the Minister must, as soon as practicable after the date mentioned in regulation 240(1)(b)(ii) has passed—

(a) withdraw the Minister's acceptance of the well operations management plan; or

(b) decide not to withdraw the Minister's acceptance.

(2) The Minister must not withdraw the Minister's acceptance unless the Minister—

(a) has taken any information given under regulation 240(1)(b)(ii) into account; and

(b) is satisfied that a reason mentioned in regulation 239 exists.

(3) The Minister must notify the titleholder, in writing, of the following matters as soon as practicable after making a decision—

(b) if the decision is to withdraw the Minister's acceptance of the well operations management plan—the reasons for the decision.