Commonwealth Numbered Acts

OFFSHORE PETROLEUM ACT 2006 (NO. 14, 2006) - SECT 37

                   For the purposes of this Act, if:

                     (a)  a petroleum pool is:

                              (i)  partly in a production licence area; and

                             (ii)  partly in another area (whether in the offshore area or not) in relation to which another person has authority (whether under this Act or under the law of a State or the Northern Territory) to explore for or recover petroleum; and

                     (b)  a unit development agreement in accordance with section 163 is in force between the licensee and that other person; and

                     (c)  petroleum is recovered from that pool through a well or wells in the licence area, the other area or both;

there is taken to have been recovered in that licence area such proportion of all petroleum so recovered as is specified in, or determined in accordance with, the agreement.