Offshore Petroleum and Greenhouse Gas Storage Act 2010
137Grant of petroleum retention lease—offer document
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137 Grant of petroleum retention lease—offer document
If—
(a) an application for a petroleum retention lease has been made under section 136; and
(b) the Minister is satisfied that recovery of petroleum from the unused area—
the Minister must give the applicant a written notice (called an offer document) telling the applicant that the Minister is prepared to grant the applicant a petroleum retention lease over the unused area.
1 Section 255 sets out additional requirements for offer documents (for example, a requirement that an offer document must contain a summary of conditions).
2 If the applicant breaches a requirement under section 254 to provide further information, the Minister may refuse to give the applicant an offer document—see section 254(3).