(1) This section applies if a transfer of a petroleum production licence is registered under section 514—
(a) after an application has been made under section 136 for the grant of a petroleum retention lease over a block or blocks in relation to which the petroleum production licence is in force; and
(b) before any action has been taken by the Minister under section 137 or 138 in relation to the application.
(2) After the transfer, sections 136 to 139 and Part 2.10 have effect in relation to the application as if any reference in those sections and that Part to the applicant were a reference to the transferee.
Pt 2.3 Div. 2 Subdiv. 3 (Heading and s. 141A) inserted by No. 16/2018 s. 22.
Subdivision 3—Obtaining a petroleum retention lease as a result of a change to the boundary of the offshore area
S. 141A inserted by No. 16/2018 s. 22.