PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43D
PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 43D
43D . Rights conferred by drilling reservation
(1) A petroleum
drilling reservation, while it remains in force, authorises the holder of the
drilling reservation, subject to this Act and in accordance with the
conditions to which the drilling reservation is subject, to drill for
petroleum, and to carry on such operations and execute such works as are
necessary for that purpose, in the drilling reservation area.
(2) A geothermal
drilling reservation, while it remains in force, authorises the holder of the
drilling reservation, subject to this Act and in accordance with the
conditions to which the drilling reservation is subject —
(a) to
drill for geothermal energy resources in the drilling reservation area; and
(b) to
recover geothermal energy in the drilling reservation area for the purpose of
establishing the nature and probable extent of a discovery of geothermal
energy resources; and
(c) to
carry on such operations and execute such works in the drilling reservation
area as are necessary for those purposes.
[Section 43D inserted: No. 78 of 1990 s. 6;
amended: No. 13 of 2005 s. 16(2); No. 35 of 2007 s. 29.]