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Petroleum and Gas (Production and Safety) Act 2004
sec.66Part usually required to be relinquished
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### sec.66 Part usually required to be relinquished
This section is subject to sections 66A , 68 and 69 .
The holder must relinquish 50% of the original notional sub-blocks of the authority to prospect by the end of the relinquishment day.
The sub-blocks required to be relinquished under this section are the usual relinquishment for the authority to prospect.
For an authority to prospect granted before 25 May 2020, see sections 71AA and 1004.
s 66 amd 2004 No. 26 s 82 ; 2019 No. 17 s 294 ; 2020 No. 14 s 177 ; 2024 No. 33 s 160
(sec.66-ssec.1) This section is subject to sections 66A , 68 and 69 .
(sec.66-ssec.2) The holder must relinquish 50% of the original notional sub-blocks of the authority to prospect by the end of the relinquishment day.
(sec.66-ssec.3) The sub-blocks required to be relinquished under this section are the usual relinquishment for the authority to prospect. For an authority to prospect granted before 25 May 2020, see sections 71AA and 1004.