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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 102

Duration of petroleum exploration permit

  (1)   The duration of a petroleum exploration permit is worked out using the table:

 

Duration of petroleum exploration permits

Item

This kind of permit...

remains in force...

1

an original petroleum exploration permit (other than a boundary - change petroleum exploration permit)

for the period of 6 years beginning on:

(a) the day on which the permit is granted; or

(b) if a later day is specified in the permit as the day on which the permit is to come into force--that later day.

2

a petroleum exploration permit granted by way of renewal

for the period of 5 years beginning on:

(a) the day on which the permit is granted; or

(b) if a later day is specified in the permit as the day on which the permit is to come into force--that later day.

3

a boundary - change petroleum exploration permit granted under subsection   118A(4)

for the period of 5 years beginning on the day on which the permit is granted.

4

a boundary - change petroleum exploration permit granted under subsection   118A(5)

for the period of 12 months beginning on the day on which the permit is granted.

  (2)   Subsection   (1) has effect subject to this Chapter.

Note 1:   For a special rule about the extension of the duration of a petroleum exploration permit if the permittee applies for a petroleum retention lease or petroleum production licence, see section   103.

Note 2:   For a special rule about the extension of the duration of petroleum exploration permits pending decisions on renewal applications, see subsection   119(5).

Note 3:   For a special rule about the extension of the duration of cash - bid petroleum exploration permits, see section   114.

Note 4:   For special rules about the extension of the duration of a petroleum exploration permit following a suspension decision, see sections   265 and 267.

Note 4A:   For a special rule about the extension of the duration of a petroleum exploration permit pending a suspension decision, see section   265A.

Note 5:   For the revocation of a petroleum exploration permit, see section   188 and clause   8 of Schedule   4.

Note 6:   For special rules about when a petroleum exploration permit ceases to be in force following the grant of a petroleum retention lease or petroleum production licence, see sections   145 and 176.

Note 7:   For the surrender of a petroleum exploration permit, see Part   2.12.

Note 8:   For the cancellation of a petroleum exploration permit, see Part   2.13.


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