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Directive XXX: Licensee Life-Cycle Management

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Release Date: June 08, 2021

Purpose of this Directive

Draft XXX Licensee Management comment form

This directive

  • introduces a holistic assessment of a licensee’s capabilities and performance across the energy development life cycle, which will be supported by the licensee capability assessment (LCA) system;
  • introduces the Licensee Management Program, which outlines how licensee management will occur across the energy development life cycle;
  • introduces the Inventory Reduction Program, which sets mandatory closure spend targets;
  • updates application requirements related to the licence transfer process; and
  • identifies security collection under this directive.