48Application for licence in respect of surrendered etc blocks

#### 48 Application for licence in respect of surrendered etc blocks 48 Application for licence in respect of surrendered etc blocks > > (1) Where— > > > > > (a) a licence is surrendered or cancelled as to a block, or > > > > > (b) a permit or lease is surrendered, cancelled or determined as to a block— > > > > > > > (i) that, at the time of the surrender, cancellation or determination, was, or was included in, a location, and > > > > > > > (ii) in which, in the opinion of the Minister, there is petroleum, > > > > the Minister may, at any subsequent time, by instrument published in the Gazette— > > > > > (c) invite applications for the grant of a licence in respect of that block, and > > > > > (d) specify a period within which applications may be made. > > > (2) The Minister shall, in an instrument under subsection (1), state— > > > > > (a) that an applicant is required to specify an amount that the applicant would be prepared to pay in respect of the grant of a licence on the application, or > > > > > (b) that an applicant is required to specify a rate of royalty that the applicant would be prepared to pay, if a licence were granted on the application, in respect of petroleum recovered under the licence, being a rate that exceeds 10 per cent of the value at the well-head of that petroleum. > > > (3) Where the Minister, in an instrument under subsection (1), states that an applicant is required to specify a rate of royalty as mentioned in subsection (2) (b), the Minister may, in that instrument, state that an applicant on whose application the Minister is prepared to grant a licence will also be required to pay to the Minister, in respect of the grant of the licence to the applicant, the amount specified in that behalf in that instrument. > > > (4), (5) (Repealed) > > > (6) An application under this section— > > > > > (a) shall be in accordance with an approved form, > > > > > (b) shall be made in an approved manner, > > > > > (c) shall be accompanied by the particulars referred to in section 42 (1) (c), > > > > > (d) in the case of an application under subsection (1), shall specify, in accordance with the requirement in the instrument by which applications were invited, the amount, or the rate of royalty, that the applicant would be prepared to pay, and > > > > > (e) (Repealed) > > > > > (f) may set out any other matters that the applicant wishes the Minister to consider. > > > (7) The Minister may, at any time, by instrument in writing served on the applicant, require the applicant to furnish, within the period specified in the instrument, further information in connexion with the application. > > **s 48:** Am 1986 No 59, Sch 5 (7); 1991 No 85, Sch 1 (8).