These Regulations establish policies, procedures and provisions to be applied in respect to the management of any Crown owned petroleum. The Regulations relate to the following matters: the form and manner in which documents and things must be provided to the Secretary (chief executive of the Ministry of Economic Development); the form and manner of applications for permits; how permit holders are to conduct mining operations, including the circumstances in which flaring and venting of petroleum may occur; the reports and records that a permit holder is required to produce and supply to the Secretary; the types of samples that a permit holder must obtain and the manner in which they must be supplied to the Secretary; the content of royalty statements and royalty returns that a permit holder must supply to the Secretary; the information supplied by permit holders to the Secretary under these regulations in relation to petroleum reserves and production that the Secretary may publicly disclose; other miscellaneous matters.
New Zealand · 2007-05-28