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(1) Subject to subsection (4), an application for a licence to install and operate a facility for transportation, treatment or storage of petroleum shall specify a description of the facilities and be supported with a scoping report approved in accordance with applicable enactments.

(2) The description shall contain detailed information on economic, resources, technical, operational, safety related, commercial, local content and environmental components of the proposed project and a scoping report approved in accordance with applicable enactments, including

(a) information on the destination of pipeline, route, landing point, dimension and transportation capacity of the facility, as well as the relevant assumptions and selection criteria;

(b) information on the ownership of the facility;

(c) a description of technical solutions, including solutions to prevent and minimize environmentally harmful discharges and emissions;

(d) information on management systems, including information on the planning, organization and implementation of the development;

(e) area studies for the possibility of third party access and use of facilities;

(f) a development schedule;

(g) a description of the capacities of facilities;

(h) information on operation and maintenance;

(i) information on management systems, including information

on the planning, organization and implementation of

the construction project;

(j) estimated investments and operational costs;

(k) a financing plan;

(l) information on project economics;

(m) information on any applications for approvals, permits and licences required under other applicable enactments;

(n) information as to how the facilities may be decommissioned when the petroleum activities have ceased;

(o) a description of emergency preparedness;

(p) information on other factors of importance to the resource management; and

(q) other information required under the safety regulations of the applicant in force at any time.

(3) Where the information contained in the description provides a proposal for the implementation of an activity, the Minister may require the applicant to provide alternative proposals.

(4) The Minister may, in consultation with the relevant agencies, grant an exemption from a particular requirement under subsection (1) where the circumstances require.

(5) A material deviation or alteration of the terms and preconditions on which an application has been submitted or approved and a significant alteration of facilities shall require the prior written approval of the Minister and may require a new or amended application to be submitted for that approval.

(6) An applicant shall not enter into a contract of significant value or commence construction works until the licence has been granted by the Minister.