Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 114

Scope

  (1)   This section applies if:

  (a)   a cash - bid petroleum exploration permit expires; and

  (b)   the permit cannot be renewed.

Note:   See section   120 (non - renewable permits) and section   121 (limit on renewal of permits).

Extension of permit--requirement to nominate blocks as location

  (2)   If, before the expiry of the permit:

  (a)   the Joint Authority had required the permittee to nominate, under section   130, a block or blocks in relation to which the permit was in force; and

  (b)   the permittee had not complied with the requirement;

the permit continues in force over that block or those blocks until the end of the period the permittee has to comply with the requirement.

Extension of permit--nomination of blocks as location, declaration of location

  (3)   If, before the expiry of the permit:

  (a)   a block or blocks in relation to which the permit was in force had been nominated under section   129; or

  (b)   both:

  (i)   a declaration under section   131 had been made in relation to a block or blocks in relation to which the permit was in force; and

  (ii)   the permittee had not requested that the declaration be revoked;

the permit continues in force over that block or those blocks until whichever of the following events happens first:

  (c)   a declaration under section   131 in relation to the block or blocks is revoked;

  (d)   a petroleum retention lease or a petroleum production licence is granted in relation to the block or blocks;

  (e)   the application period referred to in section   141 in relation to the block or blocks ends without the permittee making an application under that section for a petroleum retention lease in relation to the block or blocks;

  (f)   if the Royalty Act does not apply to the permit--the application period referred to in section   169 in relation to the block or blocks ends without the permittee making an application under section   168 for a petroleum production licence over the block or blocks;

  (g)   if the Royalty Act applies to the permit--the application period referred to in clause   3 of Schedule   4 in relation to the block or blocks ends without the permittee making an application under clause   2 of Schedule   4 for a petroleum production licence over the block or blocks.

  (4)   This section has effect subject to this Chapter but despite section   102.

Note:   See the notes at the end of section   102.