Petroleum (Onshore) Regulation 2016
15Prescribed particulars for transfers of titles: section 96
Start here
Get a plain-English read of 15
Turn the raw legal text into a practical explanation grounded in Petroleum (Onshore) Regulation 2016.
15 Prescribed particulars for transfers of titles: section 96
15 Prescribed particulars for transfers of titles: section 96
(Former clause 13 of 2007 Reg)
For the purposes of section 96 (2) (c) of the Act, the following particulars are prescribed—
(a) the name of the proposed transferee,
(b) a description of the financial resources available to the proposed transferee,
(c) details of any person providing technical advice to the proposed transferee,
(d) a description of the proposed work program,
(e) an estimate of the amount of money proposed to be expended on prospecting,
(f) a rehabilitation cost estimate in relation to the title.