55Unit development

#### 55 Unit development For the purposes of this Act, if: (a) a petroleum pool is: (i) partly in a petroleum 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 191 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.