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

Section 57 Disposition versions

2018-09-20

57. Not later than 45 days after having received the last authorization or favourable decision provided for in section 48 of the Act, the successful bidder or, as the case may be, the bidder having submitted the second highest bid must

(1)  pay the amount tendered for the licence;

(2)  provide the proof of solvency provided for in section 165;

(3)  provide a copy of the authorizations obtained in accordance with section 48 of the Act;

(4)  provide the process for appointing the members of the monitoring committee or, if the bidder is not required to establish a new monitoring committee under the first paragraph of section 16, identify the monitoring committee that will be consulted for that licence; and

(5)  pay the annual fee payable under section 68 for the first year of the licence.

O.C. 1253-2018, s. 57.

Not in force

In force: 2018-09-20

57. Not later than 45 days after having received the last authorization or favourable decision provided for in section 48 of the Act, the successful bidder or, as the case may be, the bidder having submitted the second highest bid must

(1)  pay the amount tendered for the licence;

(2)  provide the proof of solvency provided for in section 165;

(3)  provide a copy of the authorizations obtained in accordance with section 48 of the Act;

(4)  provide the process for appointing the members of the monitoring committee or, if the bidder is not required to establish a new monitoring committee under the first paragraph of section 16, identify the monitoring committee that will be consulted for that licence; and

(5)  pay the annual fee payable under section 68 for the first year of the licence.

O.C. 1253-2018, s. 57.