PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 55

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 55

55 .         Variation of licence area

        (1)         Where an application is made under section 50(2) for a variation of a licence, the Minister shall, by instrument in writing served on the licensee, vary the licence to include in the licence area such of the blocks specified in the application as are blocks as to which the Minister is satisfied as mentioned in section 53(1)(c) or (2A)(c).

        (2)         On and from the day on and from which a variation of a licence under this section has effect —

            (a)         the blocks included in the licence area by reason of the variation are, subject to this Part, for the remainder of the term of the licence, blocks in respect of which the licence is in force; and

            (b)         the permit that is in force in respect of the blocks so included ceases to be in force in respect of those blocks.

        [Section 55 amended: No. 12 of 1990 s. 41; No. 42 of 2010 s. 35.]