179Grant of petroleum production licences over individual blocks

179 Grant of petroleum production licences over individual blocks

(1) This section applies if a licensee of an initial petroleum production licence mentioned in section 178 has made an application under that section.

(2) The Minister must grant the licensee new petroleum production licences in accordance with the application.

(3) A new petroleum production licence under this section must be granted subject to conditions corresponding as closely as practicable to the conditions to which the initial petroleum production licence was subject.

(4) If new petroleum production licences are granted under this section—

(a) the initial petroleum production licence is revoked; and

(b) the revocation has effect on the day on which those new licences come into force.

Pt 2.4 Div. 4A (Heading and s. 179A) inserted by No. 16/2018 s. 27.

Division 4A—Obtaining a petroleum production licence as a result of a change to the boundary of the offshore area

S. 179A inserted by No. 16/2018 s. 27.