PETROLEUM ACT 1998 - SECT 153 How quantity to be determined
PETROLEUM ACT 1998 - SECT 153
How quantity to be determined(1) In this section approved measuring device means a measuring device approved by the Minister and installed at a well-head or at any other place that the Minister approves.
(2) For the purposes of this Act, the quantity of petroleum extracted or recovered by the holder of a production licence from a well during a period is the quantity measured during that period by an approved measuring device.
(3) If—
(a) there is no approved measuring device in relation to a well; or
(b) the Minister is not satisfied that the quantity of petroleum extracted or recovered by the holder of the licence from a well has been properly or accurately measured by the approved measuring device—
the quantity of petroleum extracted or recovered is the quantity determined by the Minister as being the quantity extracted or recovered by the holder of the licence from that well during that period.