11Renewal of petroleum titles

11 Renewal of petroleum titles

(1) For the purposes of this Act, the table has effect—

| Renewal of titles | | | | Item | Column 1<br>A reference in this Act to... | Column 2<br>is a reference to... | | 1 | the renewal, or the grant of a renewal, of a petroleum exploration permit | the grant of a petroleum exploration permit over some or all of the blocks specified in the permit mentioned in column 1, to begin on— | | | | (a) the day after the expiry date of the permit mentioned in column 1; or<br>(b) the day after the expiry date of the petroleum exploration permit granted on a previous renewal of the permit mentioned in column 1. | | 2 | the renewal, or the grant of a renewal, of a petroleum retention lease | the grant of a petroleum retention lease over all of the blocks in relation to which the lease mentioned in column 1 was in force, to begin on— | | | | (a) the day after the expiry date of the lease mentioned in column 1; or<br>(b) the day after the expiry date of the petroleum retention lease granted on a previous renewal of the lease mentioned in column 1. | | 3 | the renewal, or the grant of a renewal, of a petroleum production licence | the grant of a petroleum production licence over the block or blocks specified in the licence mentioned in column 1, to begin on— | | | | (a) the day after the expiry date of the licence mentioned in column 1; or<br>(b) the day after the expiry date of the petroleum production licence granted on a previous renewal of the licence mentioned in column 1. |

S. 11(2) inserted by No. 16/2018 s. 5.

(a) a petroleum exploration permit has been granted on the basis that an area (the relevant area) is within the offshore area; and

(c) immediately before the change, the relevant area was a part of the permit area—

then, in determining what constitutes the renewal, or the grant of a renewal, of the permit, item 1 of the table in subsection (1) has effect as if—

(d) the permit had been varied to exclude from the permit area any area that is not within
the offshore area; and

This means that an application for renewal of the permit may be made, and the permit may be renewed, as if the permit had been so varied.

S. 11(3) inserted by No. 16/2018 s. 5.

(a) a petroleum retention lease has been granted on the basis that an area (the relevant area) is within the offshore area; and

(c) immediately before the change, the relevant area was a part of the lease area—

then, in determining what constitutes the renewal, or the grant of a renewal, of the lease, item 2 of the table in subsection (1) has effect as if—