PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 57 Deciding whether to approve proposed later work program

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 57

57 Deciding whether to approve proposed later work program

(1) The Minister may approve or refuse to approve the proposed later work program.

(2) The matters that must be considered in deciding whether to approve the proposed later work program include each of the following—

(a) the work program criteria and capability criteria and any special criteria that applied for deciding the application for the authority to prospect;

(b) the extent to which the current work program has been complied with;

(c) any amendments made to the authority or its current work program, and the reasons for the changes;

(d) any commercial viability report or independent viability assessment for the authority.

(3) Also, if the authority was granted in response to a tender, any other work program proposed by other tenderers for the authority must be taken into account.

(4) However, subsection (3) applies only to the extent the other program includes the period of the proposed plan.