Additional grounds for the cancellation or partial cancellation of production licence
114 Additional grounds for the cancellation or partial cancellation of production licence
The Minister may also cancel a production licence if the Minister is satisfied—
that it is no longer commercially viable to produce or store petroleum in the licence area; or
that no petroleum is being produced or stored in the licence area and the holder of the licence has no present intention to produce or store petroleum in that area in the immediate future; or
that no petroleum has been produced in the licence area in the last 2 years.
The Minister may amend a production licence to remove an area from the licence area if—
the holder of the licence has failed to comply with a condition of the licence with respect to the area to be removed from the licence area; or
the Minister is satisfied that it is no longer commercially viable to produce or store petroleum in the area to be removed from the licence area; or
the area to be removed from the licence area is not subject to a work program.
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