PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 222 Obligation of holder to negotiate with current owners
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 222
Obligation of holder to negotiate with current owners222 Obligation of holder to negotiate with current owners
On the giving of the negotiation notice to the non-owner lease holder, the holder must, in good faith, negotiate with all current owners of the stored petroleum or prescribed storage gas to attempt to reach a fair and reasonable storage agreement with them.