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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 132 Deciding whether to grant petroleum lease

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 132

Deciding whether to grant petroleum lease

132 Deciding whether to grant petroleum lease

(1) The Minister may, after the closing time for the call for tenders—
(a) grant a petroleum lease to 1 tenderer; or
(b) refuse to grant any petroleum lease.
(2) However—
(a) before deciding to grant the lease, the Minister must decide whether to approve the applicant’s proposed initial development plan for the lease; and
(b) the Minister can not grant the lease unless—
(i) the tenderer is an eligible person; and
(ii) the proposed plan has been approved; and
(iii) the Minister is satisfied the requirements for grant, other than the requirement mentioned in section 121 (1) (c) , have been complied with; and
(iv) a relevant environmental authority for the lease has been issued.
Note—
If a tender relates to acquired land, see also section 30AC .
(3) This section applies subject to section 123A .