41Restrictions on area to which lease applies

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41 Restrictions on area to which lease applies

(1) In granting a retention lease, the Minister must ensure that the lease area is the minimum area necessary—

(a) to cover the maximum extent of the petroleum field; and

(b) to enable future petroleum production and storage in relation to the field and future storage in relation to any reservoir.

(2) Nothing in subsection (1) authorises the Minister to include in the lease area any area that was not within the area to which the lease holder's exploration permit applied.

Section 41 - Petroleum Act 1998 - Restrictions on area to which lease applies | Zoe