Offshore Petroleum and Greenhouse Gas Storage Act 2010
178Applications for petroleum production licences over individual blocks
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178 Applications for petroleum production licences over individual blocks
(1) This section applies to a petroleum production licence (the initial petroleum production licence) if—
(a) the licence is in force over 2 or more blocks; and
(b) the blocks do not form a location or part of a location.
(2) The licensee of the initial petroleum production licence may apply to the Minister for the grant of 2 or more new petroleum production licences over the blocks that were the subject of the initial petroleum production licence, in exchange for the initial petroleum production licence.
(3) An application under this section—
(a) must specify the number of new petroleum production licences required; and
(b) must specify the block or blocks that were the subject of the initial petroleum production licence and for which each new petroleum production licence is sought.