Canada Petroleum Resources Act (R.S.C., 1985, c. 36 (2nd Supp.))

Marginal note:Former permits, former special renewal permits and former exploration agreements

• 113. (1) Subject to sections 115 and 116, the interest owner of a former permit, former special renewal permit or former exploration agreement shall, on or before the first anniversary date of any such interest following March 5, 1982 or on or before the day that is six months after that date, whichever is the later, negotiate an exploration licence with the Minister.

• Marginal note:Surrender

  (2) Where an interest owner referred to in subsection (1) does not comply with that subsection, the frontier lands under the relevant interest are deemed to be surrendered and become Crown reserve lands.

• Marginal note:Extension

  (3) Notwithstanding anything in this Act, an exploration licence under subsection (1) may be extended to include all or any portion of the frontier lands under the preceding interest and any related frontier lands that, immediately prior to that extension, were Crown reserve lands.

• Marginal note:Where drilling commitment exists

  (4) Where a former special renewal permit or former exploration agreement contains provisions for the drilling of one or more wells, the Minister shall offer to issue an exploration licence to the interest owner for a term equal to the balance of the term of the former special renewal permit or former exploration agreement remaining on March 5, 1982 and having the same drilling provisions.

Marginal note:Former leases

• 114. (1) Subject to sections 115 and 116, the interest owner of a former lease, other than a lease referred to in subsection (4), shall, on or before the first anniversary date of the former lease following March 5, 1982 or on or before the day that is six months after that date, whichever is the later, negotiate an exploration licence with the Minister.

• Marginal note:Surrender

  (2) Where the interest owner referred to in subsection (1) does not comply with that subsection, the frontier lands under the former lease are deemed to be surrendered and become Crown reserve lands.

• Marginal note:Application

  (3) Subsection 113(3) applies, with such modifications as the circumstances require, to lands that may be included in an exploration licence under subsection (1).

• Marginal note:Exception

  (4) Oil and Gas Leases numbered 529-R, 703, 704, 705, 707-R, 708-R, 709-R, 710-R, 838, 702, 411, 412, 442-R, 443-R and 444-R, issued pursuant to the Canada Oil and Gas Land Regulations shall continue in force in accordance with their terms and conditions.

• Marginal note:Idem

  (5) Notwithstanding any other provision of this Act, the Norman Wells Agreement of 1944 and the Norman Wells Expansion Agreement of 1983 shall continue in force in accordance with the terms and conditions of those Agreements, as amended by the Norman Wells Amending Agreement of 1994, and sections 1 to 117 do not apply to any of those Agreements.