It might be a nice little bureaucratic workaround.
For reasons that are consistently speculated, we still don't really know the main factor of the delay of the current PEP application.
What was proposed today, appears to be an approach to lower the threshold that approval requires. Simply put,
- Only requesting an extension drilling that equates to 13/2/2021 to 12/2/22 for the purpose of drilling
- Claim Force Majeure, which the government has already confirmed
- Remove the variation to the application, i assume the seismic testing (interesting to see if that was a sticking point)
Knowing bureaucratic red tape all too well, it wouldn't surprise me if it avoided a legislative red flag somewhere which was our main issue and what they have been struggling to overcome.
I hope anyway!
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