Victorian Current Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 152

    (1)     A petroleum production licence may be granted subject to a general condition requiring the licensee to—

        (a)     explore for petroleum in the licence area with a view to determining whether there is any additional recoverable petroleum in the licence area; and

        (b)     recover such petroleum if it is commercially viable to do so.

S. 152(2) amended by No. 16/2018 s. 25.

    (2)     Subsection (1) does not limit section 151(1), 155(3) or  155A(1).

S. 152A inserted by No. 20/2020 s. 31.