PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 70
Relinquishment must be by blocks or sub-blocks
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 70
Relinquishment must be by blocks or sub-blocks
70 Relinquishment must be by blocks or sub-blocks
(1) A relinquishment under
the relinquishment condition—
(a) may be by blocks or sub-blocks; and
(b)
must be of at least 1 block.
(2) However, if a block contains an area that,
under section 67, can not be counted as a relinquishment, subsection (1) (b)
is complied with if all of the rest of the land within the block is
relinquished.
