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Offshore Petroleum and Greenhouse Gas Storage Regulations 2021
341Petroleum production licence fee
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341 Petroleum production licence fee
For the purposes of section 686(1) of the Act, the fee for a production licence for a year of the term of the licence is—
(a) in the case of a fee for a year beginning before 1 July 2025, 5390 fee units for each block to which the licence relates at the beginning of the year; or
(b) in the case of a year beginning on or after 1 July 2025, 7178 fee units for each block to which the licence relates at the beginning of the year.
Reg. 342 substituted by S.R. No. 65/2024 reg. 7.