Open AccessBill C-92: The Canada Petroleum Resources Act
Author(s) -
Edward J. Evans
Publication year - 1986
Publication title -
alberta law review
Language(s) - English
Resource type - Journals
eISSN - 1925-8356
pISSN - 0002-4821
DOI - 10.29173/alr726
Subject(s) - repeal , discretion , production (economics) , petroleum , frontier , business , process (computing) , economics , law , finance , political science , paleontology , biology , computer science , macroeconomics , operating system
This paper examines the provisions of Bill C-92, the Canada Petroleum Resources Act introduced in December of 1985 to replace the Canada Oil and Gas Act. The paper deals with such major aspects of the Act as: the repeal of the Crown share; the introduction of a new land issuance process applicable to the exploration licence, the significant discovery licence and the production licence; the elimination of retroactive Canadian ownership rules as well as a review of the rules for the attainment of COR requirements prior to the issuance of a production licence; the restrictions placed on Ministerial discretion and the introduction of a more objective process to review Ministerial orders; changes to the royalty regime and the creation of a frontier lands registry system.