Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Subject to this Part and to Parts IIA and IIB as applicable, a production licence may be granted subject to such conditions as the Minister thinks fit and specifies in the licence document.
(2) Without limiting the generality of subsection (1), but subject to section 55, each production licence is subject to the condition that the production licensee:
(a) shall use the licence area continuously and exclusively for the purposes for which it is granted;
(b) shall not produce petroleum obtained from the licence area until the Minister authorises the commencement of production operations;
(c) shall pay royalties under this Act on petroleum produced; and
(f) shall, during such period of the term of the licence as is specified in the licence document, maintain an approved insurance policy, for:
(i) well redrilling and well recompletion expenses; and
(ii) damages arising out of damage to property or the environment, including by pollution, seepage or contamination.