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Offshore Minerals Act 1994
137Application for retention licence
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137 Application for retention licence
(1) An exploration licence holder may apply to the Joint Authority for a retention licence over blocks within the exploration licence area. (2) A person may apply for a retention licence over a group of blocks only if: (a) the group forms a discrete area; and (b) there are not more than 20 blocks in the group. (3) The exploration licence holder may apply for 2 or more retention licences over different parts of the exploration licence area.