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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 333

Extension of greenhouse gas holding lease if lessee applies for a special greenhouse gas holding lease or greenhouse gas injection licence

    (1)     If—

        (a)     a greenhouse gas holding lease (other than a special greenhouse gas holding lease) is in force over a block or blocks; and

        (b)     before the time when the lease would, apart from this subsection, expire, the lessee applies to the Minister for the grant of a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks

the table has effect—

Extension of lease




Item




In this case...

the lease continues in force over the block or blocks covered by the application until...

1

the Minister gives the lessee an offer document relating to a special greenhouse gas holding lease or greenhouse gas injection licence over the block or one or more of the blocks

the special greenhouse gas holding lease or greenhouse gas injection licence is granted, the lessee withdraws the application or the application lapses.

2

the application is for a special greenhouse gas holding lease and the Minister refuses to grant the lease to the lessee

notice of the refusal is given to the lessee.

3

the application is for a greenhouse gas injection licence and the Minister refuses to grant the licence to the lessee on a ground covered by section 383(1) (c), (d), (e), (f) or (g)

the end of the period of 90 days after the day on which the notice of the refusal was given to the lessee.

4

the application is for a greenhouse gas injection licence and the Minister refuses to grant the licence to the lessee on a ground not mentioned in item 3

notice of refusal is given to the lessee.

    (2)     Subsection (1) has effect subject to this Chapter but despite section 332.

Note

See the notes at the end of section 332.

S. 333A inserted by No. 26/2021 s. 27.



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