OFFSHORE MINERALS ACT 1994 - SECT 137 Application for retention licence

OFFSHORE MINERALS ACT 1994 - SECT 137

  (1)   An exploration licence holder may apply to the Joint Authority for a retention licence over blocks within the exploration licence area.

  (2)   A person may apply for a retention licence over a group of blocks only if:

  (a)   the group forms a discrete area; and

  (b)   there are not more than 20 blocks in the group.

  (3)   The exploration licence holder may apply for 2 or more retention licences over different parts of the exploration licence area.