PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 289 Transfer of petroleum well to holder of geothermal tenure or mining tenement
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 289
Transfer of petroleum well to holder of geothermal tenure or mining tenement289 Transfer of petroleum well to holder of geothermal tenure or mining tenement
A petroleum tenure holder may transfer a petroleum well in the petroleum tenure’s area to the holder of a geothermal tenure or mining tenement if—
(a) the well is in the geothermal tenure’s or mining tenement’s area; and
(b) a notice in the approved form and the transfer fee prescribed under a regulation have been lodged.