Section 96: Grounds for Revocation of Licence or Lease.

1 Upon receipt of the written recommendation of the Commission for revocation, the Minister may revoke a petroleum prospecting licence or petroleum mining lease, where the applicable licensee or lessee—
a fails to conduct petroleum operations in accordance with good international petroleum industry practices, the provisions of this Act and any other relevant legislation;
b interrupts production for a period of over 180 consecutive days without justification or as provided for in the applicable licence, lease or approved field development plan, provided that an event of force majeure shall be an acceptable justification for interruption;
c fails to fulfil the terms and conditions of the applicable licence or lease or the approved field development plan;
d fails to pay to Government, as they become due, rents, royalties, taxes or other payments or production shares under this Act;
e fails to furnish any reports or data on operations as required by law after having been advised in writing by the Commission of such failure;
f assigns, novates or otherwise transfers any interest in the applicable licence or lease other than in accordance with section 95 of this Act;
g has obtained an interest, in the applicable licence or lease based on false representation or contrary to corrupt practices and money laundering laws;
h is declared by a court of competent jurisdiction to be insolvent, bankrupt or is liquidated, in each case except as part of a solvent plan or scheme of re-organisation, amalgamation or arrangement;
i has failed to comply with environmental obligations required by applicable law or by the provisions of the applicable licence or lease;
j is owned wholly or in part, directly or indirectly or is controlled by a former or serving public official or member of the Government, who obtained his interest in the applicable licence or lease other than as permitted by applicable law;
k does not submit and advance a field development plan and work commitment under sections 78 and 79 of this Act;
l fails to abide by any expert determination, arbitration award or judgment arising from the dispute resolution provisions set forth in a licence, lease or this Act;
m fails to comply with domestic crude oil supply or domestic gas delivery obligations under this Act and any subsidiary regulation; or
n fails to comply with the host communities obligations under this Act.

2 Subsection (1)(j) shall apply to a former public official or member of Government only where the applicable interest was acquired while the public official was in office or was a member of the Government.