Canada Oil and Gas Operations Act
Marginal note:Notice — as soon as feasible
48.12 (1) If the data obtained from any drilling in the perimeter provides sufficient information for the National Energy Board to determine whether a pool exists, the Board shall notify each appropriate regulator as soon as feasible of its determination.
Marginal note:Notice — after three drillings
(2) If no notice is given under subsection (1), the National Energy Board shall, no later than one year after the day on which it receives data from the last of three drillings of the same geological feature in the perimeter, notify each appropriate regulator of its determination or that there is insufficient information to make a determination based on the data from those drillings.
Marginal note:Notice — transboundary pool
(3) If the National Energy Board determines that a pool exists, the Board shall also specify in the notice whether or not there is, in its opinion, reason to believe that the pool is transboundary.
(4) The National Energy Board shall provide each appropriate regulator and the Minister with the reasons for its determination and opinion.
- 2015, c. 4, s. 24
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