(1) The Minister must
approve a field management plan under regulation 44(1)(a) or (4) if
the Minister is satisfied that —
(a) the
plan includes the information required under regulation 48(1); and
(b) the
plan demonstrates that the applicant will manage the field —
(i)
in accordance with sound engineering principles, codes,
standards and specifications; and
(ii)
in a manner that is consistent with good oil‑field
practice and compatible with optimum long‑term recovery of the
petroleum.
(2) The Minister must
not approve a field management plan if the Minister is not satisfied that the
plan meets the requirements of subregulation (1).