139Grant of petroleum retention lease

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139 Grant of petroleum retention lease

If—

(a) an applicant has been given an offer document under section 137; 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 unused area.

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).

Section 139 - Offshore Petroleum and Greenhouse Gas Storage Act 2010 - Grant of petroleum retention lease | Zoe