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Offshore Petroleum and Greenhouse Gas Storage Act 2010
133Grant of petroleum retention lease
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133 Grant of petroleum retention lease
If—
(a) an applicant has been given an offer document under section 131; and
(b) the applicant has made a request under section 256 in relation to the offer document within the period applicable under that section—
the Minister must grant the applicant a petroleum retention lease over the block or blocks specified in the offer document.
If the applicant does not make a request under section 256 within the period applicable under that section, the application lapses at the end of that period—see section 256(4).