Canada–Newfoundland and Labrador Atlantic Accord Implementation and Offshore Renewable Energy Management Act — C-7.5 47
Definitions 47 In this Part, call for bids means a call for bids made in accordance with (a) in the case of petroleum, section 58, and (b) in the case of offshore renewable energy, section 93; ( appel d’offres ) commercial discovery means a discovery of petroleum that has been demonstrated to contain petroleum reserves that justify the investment of capital and effort to bring the discovery to production; ( découverte exploitable ) commercial discovery area means, in relation to a declaration of commercial discovery made pursuant to subsection 78(1) or (2), those portions of the offshore area described in the declaration; ( périmètre de découverte exploitable ) Crown reserve area means (a) in relation to petroleum, portions of the offshore area in respect of which no petroleum-related interest is in force, and (b) in relation to offshore renewable energy, portions of the offshore area in respect of which no submerged land licence is in force respecting a particular renewable energy resource; ( réserves de l’État ) former exploration agreement means an exploration agreement under the Canada Oil and Gas Land Regulations ; ( ancien accord d’exploration ) former lease means an oil and gas lease under the Canada Oil and Gas Land Regulations ; ( ancienne concession ) former permit means an exploratory permit under the Canada Oil and Gas Land Regulations ; ( ancien permis ) former special renewal permit means a special renewal permit under the Canada Oil and Gas Land Regulations ; ( ancien permis spécial de renouvellement ) holder or interest holder means, in respect of an interest or a share therein, the person indicated, in the register maintained pursuant to Division VIII, as the holder of the interest or the share; ( Version anglaise seulement ) interest means (a) in relation to petroleum, any former exploration agreement, former lease, former permit, former special renewal permit, exploration licence, production licence or significant discovery licence, and (b) in relation to offshore renewable energy, any submerged land licence; ( titre ) interest owner means the interest holder who holds an interest or the group of interest holders who hold all of the shares in an interest; ( Version anglaise seulement ) prescribed means (a) in the case of a form or the information to be given on a form, prescribed by the Regulator, and (b) in any other case, prescribed by regulations made by the Governor in Council; ( Version anglaise seulement ) share means, with respect to an interest, an undivided share in the interest or a share in the interest held in accordance with section 66; ( fraction ) significant discovery means a discovery indicated by a well on a geological feature that (a) demonstrates, through any formation flow test approved by the Regulator, the existence of hydrocarbons in that feature, and (b) having regard to geological and engineering factors, suggests the existence of an accumulation of hydrocarbons that has potential for sustained production; ( découverte importante ) significant discovery area means, in relation to a declaration of significant discovery made pursuant to subsection 71(1) or (2), those portions of the offshore area described in the declaration. ( périmètre de découverte importante ) 1987, c. 3, s. 47 2024, c. 20, s. 25 2024, c. 20, s. 102(E) 2024, c. 20, s. 103(F)