132Refusal to grant petroleum retention lease

132 Refusal to grant petroleum retention lease

(1) This section applies if an application for a petroleum retention lease has been made under section 130.

(2) If the Minister is not satisfied as to the matters referred to in section 131(b) in relation to the block, or all the blocks, specified in the application, the Minister must, by written notice given to the applicant, refuse to grant a petroleum retention lease to the applicant.

(b) the Minister is not satisfied as to the matters referred to in section 131(b) in relation to—

(i) only one of the blocks; or

(ii) some, but not all, of the blocks—

the Minister must, by written notice given to the applicant, refuse to grant a petroleum retention lease to the applicant in relation to the block or blocks as to which the Minister is not satisfied as mentioned in section 131(b).