148Licence to replace the Barrow Island lease

#### 148 Licence to replace the Barrow Island lease (1) In this section: > the adjacent area means the adjacent area in respect of the State of Western Australia. > the Barrow Island lease means the lease granted on 27th February, 1967, under section 55A of the Petroleum Act, 1936‑1954 of the Parliament of the State of Western Australia to West Australian Petroleum Pty. Limited. > the lessee means the lessee under the Barrow Island lease. (2) The lessee may make an application for the grant of a licence in respect of those portions of the adjacent area that correspond to the pieces or parcels of land described and delineated in the First Schedule to the Barrow Island lease. (3) An application under this section: (a) shall comply with the provisions of paragraphs 41(1)(a) and (b) but is not otherwise required to comply with subsection 41(1); and (b) shall be accompanied by particulars of the proposals of the applicant for work and expenditure in respect of the portions of the adjacent area specified in the application. (4) The Designated Authority may, at any time, by instrument in writing served on the applicant, require him to furnish, within the time specified in the instrument, further information in connexion with his application. (5) The Designated Authority may require the applicant to lodge a security for compliance with the conditions to which the licence, if granted, will from time to time be subject and with the provisions of this Part and of the regulations. (6) Where the lessee: (a) makes an application in accordance with this section; (b) if information is required under subsection (3), furnishes that information to the Designated Authority; and (c) if a security is required under subsection (5), lodges that security with the Designated Authority; the Designated Authority shall grant to the lessee a production licence for petroleum in respect of the portions of the adjacent area specified in the application. (7) In the application of this Part to and in relation to a licence granted on an application under this section, references to the licence area are references to the portions of the adjacent area the subject of the licence.