PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 39A
PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 39A
39A—Application for licence by lessee
(1) A lessee whose
lease is in force may make an application to the Minister for the grant of a
licence—
(a)
where the lease is in respect of 9 or more blocks—in respect of 5 of
those blocks; or
(b)
where the lease is in respect of 8 or 7 blocks—in respect of 4 of those
blocks; or
(c)
where the lease is in respect of 6 or 5 blocks—in respect of 3 of those
blocks; or
(d)
where the lease is in respect of 4 or 3 blocks—in respect of 2 of those
blocks; or
(e)
where the lease is in respect of 2 blocks—in respect of one of those
blocks; or
(f)
where the lease is in respect of one block—in respect of that block.
(2) At any time while
a lease is in force, the lessee may, instead of making an application under
subsection (1) in respect of the lessee's primary entitlement, make an
application to the Minister for the grant of a licence in respect of a number
of blocks that is less than the lessee's primary entitlement.
(3) Where an
application has been made under subsection (1) in respect of the lessee's
primary entitlement, the lessee may, at any time while the lease concerned is
in force, make an application to the Minister for the grant of a licence in
respect of any of the other blocks forming part of the lease.