PETROLEUM ACT 1998 - SECT 37 Rights conferred by lease
PETROLEUM ACT 1998 - SECT 37
Rights conferred by leaseA retention lease authorises the holder of the lease, subject to and in accordance with the conditions of the lease—
(a) to carry out petroleum exploration in the lease area; and
(b) to do any thing in the lease area that is necessary for, or incidental to, that purpose; and
(c) to retain a right to apply for a production licence in respect of the lease area under Division 2 of Part 5 without complying with any requirement that there might otherwise be under this Act to carry out a work program in respect of the area.
S. 38 amended by No. 25/2008 s. 21 (ILA s. 39B(1)).