Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies to a petroleum production licence (the initial petroleum production licence ) if:
(a) the licence is in force over 2 or more blocks; and
(b) the blocks do not form a location or part of a location.
Application for petroleum production licence
(2) The licensee of the initial petroleum production licence may apply to the Joint Authority for the grant of 2 or more new petroleum production licences over the blocks that were the subject of the initial petroleum production licence, in exchange for the initial petroleum production licence.
(3) An application under this section:
(a) must specify the number of new petroleum production licences required; and
(b) must specify the block or blocks that were the subject of the initial petroleum production licence and for which each new petroleum production licence is sought.
Note 1: Part 2.10 contains additional provisions about application procedures.
Note 2: Section 256 requires the application to be accompanied
by an application fee.