PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 53

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 53

53 .         Notification as to grant of licence

        (1)         If —

            (a)         an application for the grant of a petroleum production licence has been made under section 50 or 50A; and

            (b)         the applicant has given any further information as and when required by the Minister under section 51(2); and

            (c)         the Minister is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains petroleum,

                the Minister shall, by written notice served on the applicant, inform the applicant that the Minister is prepared to grant to the applicant a petroleum production licence in respect of the block or blocks as to which the Minister is satisfied as mentioned in paragraph (c).

        (2A)         If —

            (a)         an application for the grant of a geothermal production licence has been made under section 50 or 50A; and

            (b)         the applicant has given any further information as and when required by the Minister under section 51(2); and

            (c)         the Minister is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains geothermal energy resources,

                the Minister shall, by written notice served on the applicant, inform the applicant that the Minister is prepared to grant to the applicant a geothermal production licence in respect of the block or blocks as to which the Minister is satisfied as mentioned in paragraph (c).

        (2)         A notice under subsection (1) or (2A) shall —

            (a)         contain a summary of the conditions subject to which the licence is to be granted; and

            (b)         in respect of an application for the grant of a petroleum production licence — specify the rate or rates, and the periods related thereto, if any, of royalty determined by the Minister in pursuance of section 52(1), (2) or (3); and

            (c)         contain a statement to the effect that the application will lapse if the applicant does not make a request under section 54(1) in respect of the grant of the licence.

        (3)         If the Minister decides not to grant to the applicant a licence in respect of a block specified in the application because —

            (a)         the applicant has failed to comply with a requirement made by the Minister under section 51(2); or

            (b)         the Minister is not satisfied as mentioned in subsection (1)(c) or (2A)(c), whichever is applicable, in respect of the block,

                the Minister shall, by written notice served on the applicant, inform the applicant of the Minister’s decision and the reasons for the decision.

        [Section 53 amended: No. 12 of 1990 s. 39; No. 28 of 1994 s. 26; No. 35 of 2007 s. 48; No. 42 of 2010 s. 33.]