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OFFSHORE PETROLEUM ACT 2006 (NO. 14, 2006) - SECT 80

Duration of exploration permit

             (1)  The duration of an exploration permit is worked out using the table:

 

Duration of exploration permits

Item

This kind of permit...

remains in force...

1

an original exploration permit

for the period of 6 years beginning on:

(a) the day on which the permit is granted; or

(b) if a later day is specified in the permit as the day on which the permit is to come into force—that later day.

2

an exploration permit granted by way of renewal

for the period of 5 years beginning on:

(a) the day on which the permit is granted; or

(b) if a later day is specified in the permit as the day on which the permit is to come into force—that later day.

             (2)  Subsection (1) has effect subject to this Chapter.

Note 1:       For a special rule about the extension of the duration of an exploration permit if the permittee applies for a retention lease or production licence, see section 81.

Note 2:       For a special rule about the extension of the duration of exploration permits pending decisions on renewal applications, see subsection 97(5).

Note 3:       For a special rule about the extension of the duration of cash‑bid exploration permits, see section 92.

Note 4:       For special rules about the extension of the duration of an exploration permit following a suspension or exemption decision, see sections 228 and 230.

Note 5:       For the revocation of an exploration permit, see section 160 and clause 8 of Schedule 4.

Note 6:       For special rules about when an exploration permit ceases to be in force following the grant of a retention lease or production licence, see sections 121 and 148.

Note 7:       For the surrender of an exploration permit, see Part 2.12.

Note 8:       For the cancellation of an exploration permit, see Part 2.13.



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