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Cabinet Regulation No. 691 regarding prospecting, exploration and production of hydrocarbons.

Country/Territory
Latvia
Document type
Regulation
Date
2005
Source
FAO, FAOLEX
Subject
Mineral resources
Keyword
Oil Exploration Mining Authorization/permit
Geographical area
Europe, Europe and Central Asia, European Union Countries, Northern Europe
Abstract

This Cabinet Regulation establishes the procedures for the licensing of hydrocarbon prospecting and hydrocarbon exploration and production activities, the procedures for the prospecting of hydrocarbons and the exploration and production of hydrocarbons in the territory and exclusive economic zone of Latvia, as well as the fee amount for a permit (licence) for the utilisation of subsoil and the payment procedures. The licence for the exploration, prospecting and extraction (mining) of hydrocarbons shall be issued by the Ministry of Economics. The holder of the licence applicable to a determined licence area on dry land may be the owner of the relevant plot of land or trustee thereof. Landowners or their trustee may unite their land properties into one licence area if such land properties have common boundaries. The following data shall be specified in a permit (licence) for hydrocarbon prospecting issued for a time period up to five years: (a) justification for the issuance of permit (licence); (b) information regarding the licensee (firm name of the merchant, registration number, place of registration and legal address thereof); (c) time of operation of the permit (licence); (d) licence area and the geographic coordinates of the vertices thereof; (e) programme of hydrocarbon prospecting activities; and (f) procedures for the submission of information, data, reports and samples that are obtained during hydrocarbon prospecting activities. The following data shall be specified in a permit (licence) for hydrocarbon exploration and production issued for a time period not exceeding 30 years: (a) justification for the issuance of the permit (licence); (b) the information regarding the licensee (firm name of the merchant, the registration number, place of registration and legal address thereof); (c) the time of operation of the permit (licence); (d) the licence area and geographic coordinates of the vertices thereof; (e) the division of hydrocarbon exploration activities according to years; (f) the minimum programme of exploration activities and costs thereof; and (g) the procedures for the submission of the information, data, reports and samples that are obtained during hydrocarbon exploration and production activities.

Full text
English
Website
www.em.gov.lv