H-4.2 - Petroleum Resources Act

Full text
49. The Minister may award, by auction, a production or storage licence in a territory that is no longer subject to an exploration, production or storage licence if the Minister considers that the territory presents an economically workable deposit or an economically usable underground reservoir, as applicable.
Sections 17 to 24 apply, with the necessary modifications, to the auction.
2016, c. 35, s. 232016, c. 35, s. 23.
Not in force
49. The Minister may award, by auction, a production or storage licence in a territory that is no longer subject to an exploration, production or storage licence if the Minister considers that the territory presents an economically workable deposit or an economically usable underground reservoir, as applicable.
Sections 17 to 24 apply, with the necessary modifications, to the auction.
2016, c. 35, s. 232016, c. 35, s. 23.