PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 37A

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 37A

37A .         Permit for 2 or more blocks may be divided into 2 or more permits

        (1)         Where a permit (in this section called the original permit ) is in force in respect of 2 or more blocks (not being blocks that form, or form part of, a location), the permittee may make an application to the Minister for the grant to him of 2 or more petroleum exploration permits (if the original permit is a petroleum exploration permit) or 2 or more geothermal exploration permits (if the original permit is a geothermal exploration permit) in respect of the blocks the subject of the original permit in exchange for the original permit.

        (2)         An application under subsection (1) —

            (a)         shall be made in the approved form; and

            (b)         shall be made in an approved manner; and

            (c)         shall specify the number of permits required; and

            (d)         shall specify the block or blocks the subject of the original permit in respect of which each permit is sought; and

            (e)         shall be accompanied by the prescribed fee; and

            (f)         shall be accompanied by particulars of the proposals of the applicant for work and expenditure in respect of the areas comprised in the block or blocks the subject of the original permit; and

            (g)         shall set out the reasons why the applicant is applying under this section, and any other matters that the applicant wishes the Minister to consider in relation to the application.

        (3)         Where an application has been made under subsection (1) the Minister may —

            (a)         grant to the permittee the permits in accordance with the application; or

            (b)         refuse to grant to the permittee the permits requested.

        (4)         A permit granted on an application under this section —

            (a)         remains in force, subject to this Part, for the remainder of the term of the original permit; and

            (b)         shall be granted subject to conditions corresponding as nearly as may be to the conditions to which the original permit was subject, and any other conditions that the Minister thinks fit and specifies in the permit in respect of the information referred to in subsection (2)(f); and

            (c)         shall be granted subject to any directions under this Act previously given to the holder of the original permit in respect of the permit area of the original permit; and

            (d)         shall be granted subject to any instruments and agreements in respect of the original permit a memorial of which is entered in the Register under section 70, insofar as such instruments and agreements apply to the permit, (or any such instruments and agreements which are in effect at the time that an application is granted under this section but in respect of which a memorial is not yet entered under that section).

        (5)         Where permits are granted on an application under this section —

            (a)         the original permit is, by force of this subsection, determined; and

            (b)         the determination has effect on and from the day on which those permits come into force.

        [Section 37A inserted: No. 28 of 1994 s. 13; amended: No. 35 of 2007 s. 25.]