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114Extension of cash-bid petroleum exploration permit

Scope (1) This section applies if: (a) a cash-bid petroleum exploration permit expires; and (b) the permit cannot be renewed.

Authorised Version C2023C00337 registered 21/10/2023

Chapter 2 Regulation of activities relating to petroleum Part 2.2

Petroleum exploration permits Division 3 Obtaining a cash-bid petroleum exploration permit

Section 114

192 Offshore Petroleum and Greenhouse Gas Storage Act 2006 Compilation No. 54 Compilation date: 18/10/2023 Registered: 21/10/2023 Note: See section 120 (non-renewable permits) and section 121 (limit on renewal of permits). Extension of permit—requirement to nominate blocks as location (2) If, before the expiry of the permit: (a) the Joint Authority had required the permittee to nominate, under section 130, a block or blocks in relation to which the permit was in force; and (b) the permittee had not complied with the requirement ; the permitcontinues in force over that block or those blocks until the end of the periodthe permittee has to comply with the requirement.

Extensionof permit—nomination of blocks as location, declaration of location (3) If,before the expiry of the permit: (a) a block or blocks in relation to which thepermit was in force had been nominated under section 129; or (b) both: (i) adeclaration under section 131 had been made in relation to a block or blocks inrelation to which the permit was in force; and (ii) the permittee had notrequested that the declaration be revoked; the permit continues in force overthat block or those blocks until whichever of the following events happensfirst:

(c) a declaration under section 131 in relation to the block or blocks is revoked;

(d) a petroleum retention lease or a petroleum production licence is granted in relation to the block or blocks;

(e) the application period referred to in section 141 in relation to the block or blocks ends without the permittee making an application under that section for a petroleum retention lease in relation to the block or blocks;

(f) if the Royalty Act does not apply to the permit—the application period referred to in section 169 in relation to the block or blocks ends without the permittee making an application under section 168 for a petroleum production licence over the block or blocks;

(g) if the Royalty Act applies to the permit—the application period referred to in clause 3 of Schedule 4 in relation to the block or blocks ends without the permittee making an application under clause 2 of Schedule 4 for a petroleum production licence over the block or blocks. (4) This section has effect subject to this Chapter but despite section 102