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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 66

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 66

66 .         Conditions of licence

        (1)         A licence may be granted subject to such conditions as the Minister thinks fit and specifies in the licence.

        (2)         Without limiting subsection (1), a geothermal production licence is subject to the condition that geothermal energy may be recovered under the licence only in accordance with the approved development plan.

        (3)         Subsection (1) does not apply to a petroleum production licence granted under section 61A.

        (4)         The Minister may, by written notice given to the licensee, vary a petroleum production licence granted under section 61A by imposing one or more conditions to which the licence is subject.

        (5)         A notice under subsection (4) may only be given within 14 days after the grant of the petroleum production licence.

        (6)         A variation under subsection (4) takes effect on the day on which notice of the variation is given to the licensee.

        [Section 66 amended: No. 35 of 2007 s. 56; No. 7 of 2017 s. 22.]