S-34.1, r. 3 - Regulation respecting petroleum exploration, production and storage licences, and the pipeline construction or use authorization

Section 49 Disposition versions

2018-09-20

49. The Minister renews an exploration licence for 1 year, not more than 5 times, provided that the holder

(1)  applies for the renewal before the end of the previous term;

(2)  pays the annual fee payable under section 42;

(3)  has complied with the Act and its regulations during the previous term;

(4)  sends a summary of the work planned for the following term specifying its objective, nature and scope, signed and sealed by an engineer; and

(5)  has a notice of significant discovery registered in the public register of real and immovable petroleum rights before the end of the previous term or justifies the relevance of continuing the exploration work.

O.C. 1253-2018, s. 49.

Not in force

In force: 2018-09-20

49. The Minister renews an exploration licence for 1 year, not more than 5 times, provided that the holder

(1)  applies for the renewal before the end of the previous term;

(2)  pays the annual fee payable under section 42;

(3)  has complied with the Act and its regulations during the previous term;

(4)  sends a summary of the work planned for the following term specifying its objective, nature and scope, signed and sealed by an engineer; and

(5)  has a notice of significant discovery registered in the public register of real and immovable petroleum rights before the end of the previous term or justifies the relevance of continuing the exploration work.

O.C. 1253-2018, s. 49.