Offshore Petroleum and Greenhouse Gas Storage Regulations 2021
338Work-bid petroleum exploration permit fee
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338 Work-bid petroleum exploration permit fee
For the purposes of section 684(1) of the Act, the fee for a work-bid petroleum exploration permit for a year of the term of the permit is—
(a) in the case of a fee for a year beginning before 1 July 2025, the greater of—
(i) 299 fee units; or
(ii) 14 fee units for each block to which the permit relates at the beginning of the year; or
(b) in the case of a fee for a year beginning on or after 1 July 2025, the greater of—
(i) 398 fee units; or
(ii) 19 fee units for each block to which the permit relates at the beginning of the year.
Reg. 339 substituted by S.R. No. 65/2024 reg. 7.