PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 139 Plan period

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 139

139 Plan period

(1) The proposed plan must state its period.

(2) If the proposed plan relates to a tender, the period must be the same as the required period under the relevant call for tenders.

(3) If the proposed plan relates to an ATP-related application, the period must not be longer than—

(a) if the term sought for the lease is less than 5 years from the granting of the lease—the term of the lease; or

(b) if the term sought for the lease is 5 years or more from the start of the term—5 years from the start of the term.