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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 87

Grant of work‑bid petroleum exploration permit—offer document

    (1)     This section applies if an application for the grant of a petroleum exploration permit has been made under section 86.

    (2)     The Minister may—

        (a)     give the applicant a written notice (called an offer document ) telling the applicant that the Minister is prepared to grant the applicant a petroleum exploration permit over the block or blocks specified in the offer document; or

        (b)     by written notice given to the applicant, refuse to grant a petroleum exploration permit to the applicant.

Notes

1     Section 255 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).

2     If the applicant breaches a requirement under section 254 to provide further information, the Minister may refuse to give the applicant an offer document—see section 254(3).



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