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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 267
Extension of term of petroleum exploration permit or petroleum retention lease--suspension of rights
Scope
(1) This section applies if rights conferred by a
petroleum exploration permit or petroleum retention lease are suspended under
section 266.
Extension of term
(2) The Joint Authority may extend the term of the permit or
lease by a period not more than the period of the suspension.
(3) The extension may be:
(a) in the notice of suspension; or
(b) by a later written notice given to the permittee or lessee.
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