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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43A

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43A

43A .         Advertisement of blocks for drilling reservations

        (1)         The Minister may, by instrument published in the Gazette

            (a)         invite applications for the grant of a drilling reservation in respect of the block or blocks specified in the instrument; and

            (b)         specify the period within which applications may be made.

        (2)         Applications for the grant of a petroleum drilling reservation shall not be invited under subsection (1) over any area that is included in an existing petroleum exploration permit or an application for a petroleum exploration permit, petroleum drilling reservation, petroleum lease or petroleum production licence.

        (2a)         Applications for the grant of a geothermal drilling reservation shall not be invited under subsection (1) over any area that is included in an existing geothermal exploration permit or an application for a geothermal exploration permit, geothermal drilling reservation, geothermal lease or geothermal production licence.

        (3)         The Minister may, for reasons that the Minister thinks sufficient, in an instrument published under subsection (1), direct that no application fee is payable with respect to the applications.

        [Section 43A inserted: No. 78 of 1990 s. 6; amended: No. 28 of 1994 s. 17; No. 35 of 2007 s. 27.]