PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 11A
PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 11A
11A . Property rights in recovered petroleum and geothermal energy
(1) Subject to this
Act and to any rights of other persons, on the recovery of any petroleum by a
petroleum permittee, holder of a petroleum drilling reservation, petroleum
lessee or petroleum licensee in the permit area, drilling reservation, lease
area or licence area, the petroleum becomes the property of the petroleum
permittee, holder of the petroleum drilling reservation, petroleum lessee or
petroleum licensee.
(2) Subject to this
Act and to any rights of other persons, on the recovery of any geothermal
energy by a geothermal permittee, holder of a geothermal drilling reservation,
geothermal lessee or geothermal licensee in the permit area, drilling
reservation, lease area or licence area, the geothermal energy becomes the
property of the geothermal permittee, holder of the geothermal drilling
reservation, geothermal lessee or geothermal licensee.
(3) Nothing in
subsection (2) operates to confer rights in relation to any water by means of
which geothermal energy is transferred from geothermal energy resources for
the purposes of its recovery.
[Section 11A inserted: No. 35 of 2007 s. 12(1).]