Offshore Petroleum and Greenhouse Gas Storage Act 2010
342Application for greenhouse gas holding lease by the holder of a greenhouse gas injection licence
Start here
Get a plain-English read of 342
Turn the raw legal text into a practical explanation grounded in Offshore Petroleum and Greenhouse Gas Storage Act 2010.
342 Application for greenhouse gas holding lease by the holder of a greenhouse gas injection licence
(a) a greenhouse gas injection licence is in force over a block or blocks; and
(b) one or more identified greenhouse gas storage formations are wholly situated in the licence area—
the licensee may, within the application period, apply to the Minister for the grant of a greenhouse gas holding lease over the block or blocks.
(a) the applicant's proposals for work and expenditure in relation to the block or blocks specified in the application; and
(3) The application period for an application under this section by a licensee is the period of 5 years that began on the day on which the licence was granted.