sec.170EProvisions of amalgamated lease

### sec.170E Provisions of amalgamated lease Subject to this section, section 123 applies for the provisions of an amalgamated lease as if it were a petroleum lease granted under division 2 . If, before the amalgamated lease is granted, petroleum production under each of the individual leases has not started, any production commencement day stated in the amalgamated lease under section 123(3)(c) must not be later than the earliest production commencement day for the individual leases. Subsections (4) and (5) apply if, before the amalgamated lease is granted, petroleum production under some, but not all, of the individual leases has started. The amalgamated lease may, under section 123(3)(c), state a production commencement day for the petroleum production that has not yet started (the uncommenced aspect ). Section 154(1) and subdivision 3 apply in relation to the amalgamated lease as if— a reference in the provisions to petroleum production under the lease were a reference to the uncommenced aspect; and a reference in the provisions to a production commencement day for the lease were a reference to a production commencement day for the uncommenced aspect stated in the amalgamated lease under subsection (4). s 170E ins 2019 No. 17 s 307 amd 2024 No. 33 s 167 (sec.170E-ssec.1) Subject to this section, section 123 applies for the provisions of an amalgamated lease as if it were a petroleum lease granted under division 2 . (sec.170E-ssec.2) If, before the amalgamated lease is granted, petroleum production under each of the individual leases has not started, any production commencement day stated in the amalgamated lease under section 123(3)(c) must not be later than the earliest production commencement day for the individual leases. (sec.170E-ssec.3) Subsections (4) and (5) apply if, before the amalgamated lease is granted, petroleum production under some, but not all, of the individual leases has started. (sec.170E-ssec.4) The amalgamated lease may, under section 123(3)(c), state a production commencement day for the petroleum production that has not yet started (the uncommenced aspect ). (sec.170E-ssec.5) Section 154(1) and subdivision 3 apply in relation to the amalgamated lease as if— a reference in the provisions to petroleum production under the lease were a reference to the uncommenced aspect; and a reference in the provisions to a production commencement day for the lease were a reference to a production commencement day for the uncommenced aspect stated in the amalgamated lease under subsection (4). - (a) a reference in the provisions to petroleum production under the lease were a reference to the uncommenced aspect; and - (b) a reference in the provisions to a production commencement day for the lease were a reference to a production commencement day for the uncommenced aspect stated in the amalgamated lease under subsection (4).