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 lease132 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 .