145Renewal of petroleum retention lease

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145 Renewal of petroleum retention lease

If—

(a) an applicant has been given an offer document under section 143; 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 renew the petroleum retention lease.

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).

Division 4—Revocation of petroleum retention leases

Section 145 - Offshore Petroleum and Greenhouse Gas Storage Act 2010 - Renewal of petroleum retention lease | Zoe