Offshore Minerals Act 1998
sec.158Voluntary surrender of sub-blocks if discrete area remains
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sec.158 Voluntary surrender of sub-blocks if discrete area remains
A mineral development licence holder may surrender a sub-block or some of the sub-blocks covered by the tenure if the remaining sub-blocks in the tenure area form a discrete area. See section 187 for the surrender of the whole tenure. A surrender under subsection (1) must— be made in writing; and identify the sub-blocks surrendered; and be given to the Minister. The surrender takes effect when it is registered under section 337 (see section 337 (5) ). (sec.158-ssec.1) A mineral development licence holder may surrender a sub-block or some of the sub-blocks covered by the tenure if the remaining sub-blocks in the tenure area form a discrete area. See section 187 for the surrender of the whole tenure. (sec.158-ssec.2) A surrender under subsection (1) must— be made in writing; and identify the sub-blocks surrendered; and be given to the Minister. The surrender takes effect when it is registered under section 337 (see section 337 (5) ).
- (a) be made in writing; and
- (b) identify the sub-blocks surrendered; and
- (c) be given to the Minister.