Examples of Subsoil Act in a sentence
The Control of Natural Resources of the Seabed and Subsoil Act (cap.
If the Licence is granted to several parties jointly, they shall be jointly and severally liable for any damages claimed pursuant to section 35 of the Subsoil Act and for the satisfaction of any obligations to the State under this Licence.
The Subsoil Act (1981) provides the principal legal framework regulating oil and gas exploration and production activities in the country [24].
In terms of ownership of oil reservoirs, the Danish state is the sole owner under the Subsoil Act.
Section 35 of the Subsoil Act is the main provision that imposes liability for bodily injury and property damage (and economic loss) caused by the exploration for, and production of, hydrocarbons.
In practice, pure economic loss is more difficult to prove than bodily injury or property damage.108 The recovery of pure economic loss in the form of lost income due to pollution from an offshore oil and gas incident would appear to be unlikely.109In summary, the Subsoil Act imposes strict liability for bodily injury, property damage and economic loss caused by an offshore oil and gas incident.
The Danish upstream oil sector - as well as natural gas exploration and production – is governed by the Danish Subsoil Act (Act No. 960 of 13th September 2011 as amended by Act No. 535 of 29 April 2015).
Subject to Section 13, Subsection 1, of the Licence and Section 8.2 of the Subsoil Act the Oper- ator shall at the request of any Party inform the Operating Committee fully about the admin- istration of the provisions of this Section 3.6.
The Licencee must provide security for the fulfilment of all obligations under the Licence, see section 24f of the Subsoil Act.
The parties of the agreement agree to enter a political agreement on the 2050 end date and the preservation of the possibility for mini-rounds, neighboring block procedures and the criteria in the Danish Subsoil Act regarding exploration permits and oil and gas extraction, which means that these conditions cannot be significantly changed without agreement in this regard, cf.