Directive XXX: Licensee Life-Cycle Management
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.