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Petroleum Act 1984
50Term of production licence
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50 Term of production licence
Subject to sections 73 and 74, a production licence remains in force
for either 21 or 25 years as determined by the Minister commencing
on the date on which it was granted or, in respect of the renewal of
a production licence, the date on which it was last renewed,
notwithstanding that it is renewed before the date on which it would
otherwise have expired.