H-4.2 - Petroleum Resources Act

Full text
134. Within 30 days after the surrender, revocation or expiry of their right, an exploration licence holder must remove all of their property from the territory that was subject to the right. The same holds for a production or storage licence holder, in the year following the surrender, revocation or expiry of their right.
On written application, the Minister may grant an extension subject to the conditions the Minister determines. The Minister may also grant an extension if site restoration work continues beyond the term of the licence.
Once the time has expired, the property remaining on lands in the domain of the State forms part of that domain of right and may be removed by the Minister at the licence holder’s expense.
2016, c. 35, s. 232016, c. 35, s. 23.
Not in force
134. Within 30 days after the surrender, revocation or expiry of their right, an exploration licence holder must remove all of their property from the territory that was subject to the right. The same holds for a production or storage licence holder, in the year following the surrender, revocation or expiry of their right.
On written application, the Minister may grant an extension subject to the conditions the Minister determines. The Minister may also grant an extension if site restoration work continues beyond the term of the licence.
Once the time has expired, the property remaining on lands in the domain of the State forms part of that domain of right and may be removed by the Minister at the licence holder’s expense.
2016, c. 35, s. 232016, c. 35, s. 23.