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MINERAL RESOURCES DEVELOPMENT ACT 1995 - SECT 67M Area of land comprised in production licence

MINERAL RESOURCES DEVELOPMENT ACT 1995 - SECT 67M

Area of land comprised in production licence

(1)  The area of land comprised in a petroleum production licence is to be, in the opinion of the Minister, sufficient –
(a) to allow the activities set out in the field development plan in respect of the licence to be carried out; and
(b) to enable future petroleum production in relation to the petroleum field to which the field development plan relates; and
(c) to enable future storage in any petroleum reservoir to which the licence relates.
(2)  The area of land comprised in a geothermal production licence is to be, in the opinion of the Minister, sufficient –
(a) to allow the activities set out in the development plan in respect of the licence to be carried out; and
(b) to enable future development of the geothermal resource; and
(c) to cover the extent of any geothermal reservoir that is specified in the application; and
(d) to enable future storage in the geothermal reservoir.
(3)  Land comprised in a licence may be either or both of the following:
(a) the same size as, or smaller than, the area of land in respect of which the licence was sought;
(b) different in shape from the area of land in respect of which the licence was sought.
(4)  An area of land comprised in a licence must not include an area which –
(a) is subject to a licence of any kind in respect of the same minerals or category of minerals; or
(b) is the subject of an application for a retention licence or a lease; or
(c) is the subject of a retention licence or a lease.