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Petroleum Regulations 2021
11Prescribed factors—determining grant of application for a production licence
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11 Prescribed factors—determining grant of application for a production licence
For the purposes of section 49(1)(d) of the Act, the following are prescribed factors—
(a) the likely regional economic, social and environmental risks and impacts of the proposed work program submitted with the application;
(b) the likely regional benefits of the work program relative to its likely risks;
(c) the extent to which these risks and impacts can be managed at the regional level and how the applicant proposes to do this.