102Application for renewal of petroleum exploration permit

102 Application for renewal of petroleum exploration permit

(1) A petroleum exploration permittee may apply to the Minister for the renewal by the Minister of the permit in relation to such of the blocks the subject of the permit as are specified in the application.

(2) Subsection (1) has effect subject to the following provisions—

(a) section 103 (non‑renewable cash‑bid petroleum exploration permits);

(b) section 104 (limit on renewal of cash‑bid petroleum exploration permits);

(c) section 105 (limits on renewal of work‑bid petroleum exploration permits and special petroleum exploration permits);

S. 102(2)(ca) inserted by No. 16/2018 s. 12.

(ca) section 105A (limits on renewal of boundary-change petroleum exploration permits);

(d) section 106 (standard halving rules);

(e) section 107 (modified halving rules).

(3) An application to renew a petroleum exploration permit must be made at least 90 days before the expiry date of the permit.

(4) Despite subsection (3), the Minister may accept an application to renew a petroleum exploration permit if the application is made—

(a) later than 90 days before the expiry date of the permit; and

(b) before the expiry date of the permit.

(a) a petroleum exploration permittee makes an application to renew the permit; and

(b) the permit would, apart from this subsection, expire—

(i) before the Minister grants, or refuses to grant, the renewal of the permit; or

(ii) before the application lapses as provided by section 256—

the permit continues in force—

(c) until the Minister grants, or refuses to grant, the renewal of the permit; or

(6) Subsection (5) has effect subject to this Chapter but despite section 84.