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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 50A

50A .         Application by lessee for licence

        (1)         A lessee whose petroleum lease is in force may make an application to the Minister for the grant of a petroleum production licence —

            (a)         where the lease is in respect of 9 or more blocks, in respect of 5 of those blocks; or

            (b)         where the lease is in respect of 8 or 7 blocks, in respect of 4 of those blocks; or

            (c)         where the lease is in respect of 6 or 5 blocks, in respect of 3 of those blocks; or

            (d)         where the lease is in respect of 4 or 3 blocks, in respect of 2 of those blocks; or

            (e)         where the lease is in respect of 2 blocks, in respect of one of those blocks; or

            (f)         where the lease is in respect of one block, in respect of that block.

        (1a)         A lessee whose geothermal lease is in force may make an application to the Minister for the grant of a geothermal production licence —

            (a)         where the lease is in respect of 2 or more blocks, in respect of all of those blocks; or

            (b)         where the lease is in respect of one block, in respect of that block.

        (2)         At any time while a lease is in force, the lessee may, instead of making an application under subsection (1) or (1a) in respect of the lessee’s primary entitlement, make an application to the Minister for the grant of a licence in respect of a number of blocks that is less than the lessee’s primary entitlement.

        (3)         Where a petroleum lessee makes an application under subsection (1) in respect of the lessee’s primary entitlement, the lessee may, at any time while the lease concerned is in force, make an application to the Minister for the grant of a licence in respect of any of the other blocks forming part of the lease.

        [Section 50A inserted by No. 12 of 1990 s. 37; amended by No. 35 of 2007 s. 47.]



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