PETROLEUM ACT 1998 - SECT 27 Key objects of work programs

PETROLEUM ACT 1998 - SECT 27

    (1)     In granting an exploration permit, the Minister must declare in writing that certain specified elements of the work program submitted in relation to the permit are key objects of the work program.

    (2)     The holder of an exploration permit must ensure that the key objects of the work program are achieved to the maximum extent that is practicable.

    (3)     On the application of the holder of an exploration permit, the Minister may vary a declaration to remove a key object, substitute a key object or vary the details of a key object.

    (4)     The Minister may only exercise her or his powers under subsection (3) if she or he is satisfied that there are extraordinary circumstances that justify the variation.

Division 3—Renewals