Victorian Current Acts

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 162

Duration of petroleum production licence

    (1)     A petroleum production licence remains in force indefinitely.

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

Notes

1     For special rules about the duration of licences granted over individual blocks, see section 179(3).

2     For the revocation of an initial petroleum production licence mentioned in section 178, see section 179(4).

3     For a special rule about when a petroleum production licence ceases to be in force following the grant of a petroleum retention lease, see section 140.

4     For the surrender of a petroleum production licence, see Part 2.12.

5     For the cancellation of a petroleum production licence, see Part 2.13.

6     For the termination of a life‑of‑field petroleum production licence if there have been no recovery operations for 5 years, see section 163.



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