Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 163

Termination of life‑of‑field petroleum production licence if no recovery operations for 5 years

    (1)     If—

        (a)     there is a life-of-field petroleum production licence; and

        (b)     no petroleum recovery operations under the licence have been carried on at any time during a continuous period of at least 5 years—

the Minister may, by written notice given to the licensee, tell the licensee that the Minister proposes to terminate the licence after the end of 30 days after the notice is given.

    (2)     At any time after the end of 30 days after the notice is given to the licensee, the Minister may, by written notice given to the licensee, terminate the licence.

Note

For remedial directions following termination, see section 636.

    (3)     In working out, for the purposes of subsection (1), the period in which no petroleum recovery operations were carried on under a licence, disregard any period in which no such operations were carried on because of circumstances beyond the licensee's control.

    (4)     For the purposes of subsection (3), the depletion of recoverable petroleum is not a circumstance beyond the licensee's control.

    (5)     The Minister may give a copy of a notice under subsection (1) to such other persons (if any) as the Minister thinks fit.

    (6)     A notice under subsection (1) must—

        (a)     invite a person to whom the notice, or a copy of the notice, has been given to make a written submission to the Minister about the proposal to terminate the licence; and

        (b)     specify a time limit for making that submission.

    (7)     In deciding whether to terminate the licence, the Minister must take into account any submissions made in accordance with the notice.

Division 2 —Obtaining a petroleum production licence as a result of an application made by a petroleum exploration permittee or a petroleum retention lessee



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback