Library / Page 1 of 6 MIDSTREAM AND DOWNSTREAM PETROLEUM SEPARATION OF LICENSED ACTIVITIES AND SURRENDER OF LICENCE OR PERMIT REGULATIONS, 2023
Page 1 of 6 MIDSTREAM AND DOWNSTREAM PETROLEUM SEPARATION OF LICENSED ACTIVITIES AND SURRENDER OF LICENCE OR PERMIT REGULATIONS, 2023
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Page 4 of 6
6. (1) A licensee or permit holder may, at any time, apply to the
Authority in writing, for the surrender of its licence or permit.
(2) The application for surrender shall be accompanied by a report
containing:
(a) a detailed reason for the surrender;
(b) evidence of settlement of all outstanding liabilities and
obligation relating to the licence or permit; and
(c) a detailed plan for decommissioning and environmental
remediation, where applicable.
(3) The Authority may accept the surrender of a licence or permit if:
(a) all obligations, financial or otherwise relating to the licence or
permit are settled;
(b) the environment and public safety are not jeopardised by the
surrender; and
(c) the entity has made appropriate arrangements for the
cessation of activities including but not limited to the
decommissioning of facilities, rehabilitation of sites and
settlement of obligations to employees.
(4) Upon receipt of the application for surrender, the Authority shall
issue an acknowledgement and may request from the licensee
or permit holder, additional information, documents, or actions
necessary to ensure a safe discontinuation of the licensed or
permitted activity.
(5) The Authority shall review the application and notify the licensee
or permit holder of its approval or refusal within 14 days of receipt
of the application.
(6) Where the Authority does not communicate its decision to the
licensee or permit holder within 90 days, the application of the
licensee or permit holder shall be deemed to have been
approved.
Voluntary
Surrender
7. The Authority may direct any licensee or permit holder to surrender
its license or permit if:
(a) the licensee or permit holder is in continuous breach of the
terms and conditions of the licence or permit;
(b) the licensee or permit holder is declared bankrupt or insolvent;
Mandatory
Surrender
RegulationsPDF4