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Petroleum and Gas (Production and Safety) Act 2004
sec.907Restriction on term of petroleum lease
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### sec.907 Restriction on term of petroleum lease
The term of the renewed petroleum lease must not be longer than the shorter of the following—
30 years;
the original term of the petroleum lease;
its last renewed term.
s 907 ins 2004 No. 26 s 247
- (a) 30 years;
- (b) the original term of the petroleum lease;
- (c) its last renewed term.