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Petroleum and Gas (Production and Safety) Act 2004
sec.68Adjustments for sub-blocks that can not be counted
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### sec.68 Adjustments for sub-blocks that can not be counted
This section applies for the relinquishment day for an authority to prospect if, after taking away all sub-blocks that, under section 67 , can not be counted for the relinquishment condition, the balance of the sub-blocks of the authority to prospect is less than the sub-blocks required to be relinquished under the usual relinquishment for the authority.
The relinquishment condition is taken to have been complied with if the authority holder gives a relinquishment notice for all of the balance.
However, if—
a sub-block not counted for the relinquishment condition was the subject of an application for a potential commercial area; and
the result of the application is that it is refused;
the authority holder must, within 20 business days after the appeal period for the decision to refuse, give a relinquishment notice for that sub-block.
s 68 amd 2004 No. 26 ss 84 , 69 (2) sch ; 2019 No. 17 s 295 ; 2020 No. 14 s 180 ; 2024 No. 33 s 161
(sec.68-ssec.1) This section applies for the relinquishment day for an authority to prospect if, after taking away all sub-blocks that, under section 67 , can not be counted for the relinquishment condition, the balance of the sub-blocks of the authority to prospect is less than the sub-blocks required to be relinquished under the usual relinquishment for the authority.
(sec.68-ssec.2) The relinquishment condition is taken to have been complied with if the authority holder gives a relinquishment notice for all of the balance.
(sec.68-ssec.3) However, if— a sub-block not counted for the relinquishment condition was the subject of an application for a potential commercial area; and the result of the application is that it is refused; the authority holder must, within 20 business days after the appeal period for the decision to refuse, give a relinquishment notice for that sub-block.
- (a) a sub-block not counted for the relinquishment condition was the subject of an application for a potential commercial area; and
- (b) the result of the application is that it is refused;