• Specific Year
    Any

PETROLEUM ACT 1998 - SECT 60 Direction if petroleum not being extracted/recovered to the Minister's satisfaction

PETROLEUM ACT 1998 - SECT 60

Direction if petroleum not being extracted/recovered to the Minister's satisfaction

    (1)     If petroleum is being extracted or recovered in a licence area, the Minister may direct the holder of the licence to take all necessary and practicable steps to reduce the rate at which petroleum is being extracted or recovered in the area to the rate specified by the Minister in the direction.

    (2)     The Minister may only give a direction if, in the opinion of the Minister, the direction is necessary to ensure that petroleum is extracted or recovered from the licence area at a rate that is consistent with good oilfield practice.

    (3)     If the Minister gives a direction but is not satisfied with the steps taken or being taken by the holder of the licence, the Minister may direct the holder of the licence to do anything else that the Minister thinks is necessary for, or in relation to, the reduction of the rate at which petroleum is being extracted or recovered in the area.