66Approval of equipment and procedures to determine rates of recovery of petroleum

66  Approval of equipment and procedures to determine rates of recovery of petroleum

 (1) A petroleum production licensee may apply to the Titles Administrator for approval by the Joint Authority of the equipment and procedures used to determine the quantity and composition of petroleum and water recovered from one or more petroleum pools.

Note: An application for a recovery rate approval under section 60 must include evidence that either:

(a) the equipment and procedures used to determine the quantity and composition of petroleum and water have been approved under this section; or

(b) the equipment that will be used to determine the quantity of petroleum recovered from the pool or pools has been approved under section 13 of the Royalty Act.

 (b) include a description of the equipment and procedures that the petroleum production licensee intends to use to determine the quantity and composition of petroleum and water recovered from each petroleum pool covered by the application.

 (3) The Joint Authority must:

 (a) approve the equipment and procedures; or

 (b) refuse to approve the equipment and procedures.

 (4) The Titles Administrator must notify the petroleum production licensee, in writing, of the following matters as soon as practicable after the Joint Authority has made a decision to approve or not approve the equipment and procedures:

 (b) if the Joint Authority refuses to approve the equipment and procedures—the reasons for the decision.

Amendment of application

 (5) At any time before the Joint Authority makes a decision on an application under subsection (3), the applicant may amend and resubmit the application in accordance with subsection (2).

 (6) If the petroleum production licensee amends and resubmits the application under subsection (5), a reference in this section to the application is a reference to the application as amended.