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PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43CA

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43CA

43CA .         More than one drilling reservation application for same block or blocks

        (1)         This section applies if —

            (a)         2 or more applications are made under section 43A for the grant of a petroleum drilling reservation for the same block or blocks; or

            (b)         2 or more applications are made under section 43A for the grant of a geothermal drilling reservation for the same block or blocks.

        (2)         The Minister may grant the drilling reservation to whichever applicant, in the Minister’s opinion, is most deserving of the grant of the drilling reservation, having regard to criteria made publicly available by the Minister.

        (3)         For the purposes of subsection (2), the Minister may rank the applicants in the order in which they are deserving of the grant, the most deserving applicant being ranked highest.

        (4)         The Minister may exclude from the ranking any applicant that, in the Minister’s opinion, is not deserving of the grant of the drilling reservation.

        (5)         If the Minister is of the opinion that, after considering the information accompanying the applications, 2 or more of the applicants are equally deserving of the grant of the drilling reservation, the Minister may, by written notice served on each of those applicants, invite them to give to the Minister, within the period stated in the notice, particulars of the applicant’s proposals for additional work and expenditure in respect of the block or blocks specified in the application, being particulars that the Minister considers to be relevant in determining which of the applicants is most deserving of the grant of the drilling reservation.

        (6)         If any particulars are given by applicants to the Minister in accordance with the invitations contained in the notices served under subsection (5), the Minister shall have regard to the particulars in determining which of the applicants is most deserving of the grant of the drilling reservation.

        [Section 43CA inserted: No. 42 of 2010 s. 20.]