Canada-Nova Scotia Offshore Petroleum Resources Accord Implementation Act (S.C. 1988, c. 28)

Act current to 2015-11-16 and last amended on 2015-06-19. Previous Versions

Financial Responsibility

Marginal note:Compliance with subsection 168(1)

 The Board shall, before issuing an authorization for a work or activity referred to in paragraph 142(1)(b), ensure that the applicant has complied with the requirements of subsection 168(1) in respect of that work or activity.

  • 1992, c. 35, s. 96.

Development Plan Approval

Marginal note:Approval of general approach of development
  •  (1) No approval that is

    • (a) applicable to an authorization under paragraph 142(1)(b) to carry on work or activity in relation to developing a pool or field, and

    • (b) prescribed by the regulations for the purposes of this subsection

    shall be granted, except with the consent of both Ministers, unless the Board, on application submitted in accordance with subsection (2), has approved a development plan relating to the pool or field pursuant to paragraphs (4)(a) and (b).

  • Marginal note:Application and submission of development plan

    (2) For the purposes of subsection (1), an application for the approval of a development plan shall be submitted to the Board in the form and containing the information fixed by the Board, at such time and in such manner as may be prescribed, together with the proposed development plan in the form and containing the information described in subsection (3).

  • Marginal note:Development plan in two parts

    (3) A development plan relating to the proposed development of a pool or field submitted pursuant to this section shall be set out in two parts, containing

    • (a) in Part I, a description of the general approach of developing the pool or field, and in particular, information, in such detail as may be prescribed, with respect to

      • (i) the scope, purpose, location, timing and nature of the proposed development,

      • (ii) the production rate, evaluations of the pool or field, estimated amounts of petroleum proposed to be recovered, reserves, recovery methods, production monitoring procedures, costs and environmental factors in connection with the proposed development, and

      • (iii) the production system and any alternative production systems that could be used for the development of the pool or field; and

    • (b) in Part II, all technical or other information and proposals, as may be prescribed, necessary for a comprehensive review and evaluation of the proposed development.

  • Marginal note:Approval of development plan

    (4) After reviewing an application and development plan submitted by any person pursuant to this section the Board may, subject to such requirements as the Board deems appropriate or as may be prescribed, approve

    • (a) subject to sections 32 to 37, Part I of the development plan; and

    • (b) Part II of the development plan.

  • Marginal note:Approval of amendments to plan

    (5) Where a development plan has been approved pursuant to subsection (4), no amendment of Part I or II of the development plan shall be made unless it is approved by the Board in accordance with paragraph (4)(a) or (b), as the case may be.

  • Marginal note:Application of certain provisions

    (6) Subsections (2) to (5) apply, with such modifications as the circumstances require, with respect to a proposed amendment to a development plan.

  • 1988, c. 28, s. 143;
  • 1992, c. 35, s. 97.