97Extension of cash‑bid petroleum exploration permit

97 Extension of cash‑bid petroleum exploration permit

(a) a cash‑bid petroleum exploration permit expires; and

(b) the permit cannot be renewed.

See section 103 (non‑renewable permits) and section 104 (limit on renewal of permits).

(2) If, before the expiry of the permit—

(a) the Minister had required the permittee to nominate, under section 113, a block or blocks in relation to which the permit was in force; and

(b) the permittee had not complied with the requirement—

the permit continues in force over that block or those blocks until the end of the period the permittee has to comply with the requirement.

(3) If, before the expiry of the permit—

(a) a block or blocks in relation to which the permit was in force had been nominated under section 112; or

(i) a declaration under section 114 had been made in relation to a block or blocks in relation to which the permit was in force; and

(ii) the permittee had not requested that the declaration be revoked—

the permit continues in force over that block or those blocks until whichever of the following events happens first—

(c) a declaration under section 114 in relation to the block or blocks is revoked;

(d) a petroleum retention lease or a petroleum production licence is granted in relation to the block or blocks;

(e) the application period referred to in section 114 in relation to the block or blocks ends without the permittee making an application under that section for a petroleum retention lease in relation to the block or blocks.

(4) This section has effect subject to this Chapter but despite section 84.

Division 4—Obtaining a special petroleum exploration permit over a surrendered block or certain other blocks