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S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization
Section 160
Disposition versions
160. The amount up to which the holder of a petroleum exploration, production or storage licence is liable for the purposes of the no-fault liability regime is
(1) $10,000,000 where the territory subject to the licence is situated on land;
(2) $25,000,000 where the territory subject to the licence is situated in a body of water, except a marine environment;
(3) $1,000,000,000 where the territory subject to the licence is situated in a lake having an area greater than 1,000 km2; and
(4) $1,000,000,000 where the territory subject to the licence is situated in a marine environment.
Where the territory subject to the licence is situated in more than one environment, the amount up to which the petroleum exploration, production or storage licence holder is liable for the purposes of the no-fault liability regime is determined by the Minister and corresponds to the sum of the amounts payable according to the environments calculated in proportion to the ratio of each with respect to the total territory subject to the licence.
In force: 2018-09-20
160. The amount up to which the holder of a petroleum exploration, production or storage licence is liable for the purposes of the no-fault liability regime is
(1) $10,000,000 where the territory subject to the licence is situated on land;
(2) $25,000,000 where the territory subject to the licence is situated in a body of water, except a marine environment;
(3) $1,000,000,000 where the territory subject to the licence is situated in a lake having an area greater than 1,000 km2; and
(4) $1,000,000,000 where the territory subject to the licence is situated in a marine environment.
Where the territory subject to the licence is situated in more than one environment, the amount up to which the petroleum exploration, production or storage licence holder is liable for the purposes of the no-fault liability regime is determined by the Minister and corresponds to the sum of the amounts payable according to the environments calculated in proportion to the ratio of each with respect to the total territory subject to the licence.
