141AGrant of petroleum retention lease as a result of a change to the boundary of the offshore area

141A Grant of petroleum retention lease as a result of a change to the boundary of the offshore area

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

(d) there are one or more section 37 blocks (the relevant section 37 blocks) that—

(i) correspond to the section 37 blocks that were covered by the Commonwealth petroleum retention title immediately before the change; and

(iii) are not the subject of a variation under section 263A.

(a) one or more, but not all, of the section 37 blocks that were covered by the Commonwealth petroleum retention title immediately before the change are in the relevant area; and

(i) as to all of the section 37 blocks that were covered by the title immediately before the change and that are in the Commonwealth defined offshore area; and

(a) all of the section 37 blocks that were covered by the Commonwealth petroleum retention title immediately before the change are in the relevant area; and

(4) The Minister is taken—

(a) to have granted the holder of the Commonwealth petroleum retention title a petroleum retention lease over the relevant section 37 blocks; and

(b) to have done so immediately after the relevant time mentioned in whichever of subsection (2) or (3) is applicable.

For the duration of the petroleum retention lease, see section 128(1A).

(5) If, after the change to the boundary of the offshore area—

(a) a part of a section 37 block that was covered by the Commonwealth petroleum retention title immediately before the change is in the Commonwealth defined offshore area; and

then, for the purposes of this section (other than this subsection), each of those parts is taken to constitute, and to have always constituted, a section 37 block.

(b) if a graticular section is wholly within the area that was covered by the Commonwealth petroleum retention title—the graticular section; or

(c) if a part only of a graticular section is within the area that was covered by the Commonwealth petroleum retention title—that part of the graticular section.

See also subsection (5).

Division 3—Renewal of petroleum retention leases