PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 43

PETROLEUM (SUBMERGED LANDS) ACT 1982 - SECT 43

43—Grant of licence

        (1)         An applicant on whom there has been served an instrument under section 42(1) may, within a period of three months after the date of service of the instrument on him, or within such further period, not exceeding three months, as the Minister, on application in writing served on him before the expiration of the firstmentioned period of three months, allows, by instrument in writing served on the Minister, request the Minister to grant to the applicant the licence referred to in the firstmentioned instrument.

        (2)         Where an applicant on whom there has been served an instrument under section 42(1) has made a request under subsection (1) within the period applicable under subsection (1), the Minister must grant to the applicant a production licence for petroleum in respect of the blocks specified in the application.

        (3)         A secondary licence shall not be granted to a permittee or lessee in respect of any one or more of the blocks that constitute a location unless—

            (a)         a primary licence has been granted in respect of a block or blocks forming part of that location; and

            (b)         the number of blocks in respect of which the primary licence was granted, together with the number of blocks included in that licence by reason of variations of the licence under section 44, is the permittee's or lessee's primary entitlement.

        (4)         Where an applicant on whom there has been served an instrument under section 42(1) has not made a request under subsection (1) within the period applicable under subsection (1), the application lapses upon the expiration of that period.

        (5)         On the day on which a licence granted under this section comes into force, the permit or lease in respect of the blocks in respect of which the licence was granted ceases to be in force in respect of those blocks.