PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 62

PETROLEUM AND GEOTHERMAL ENERGY RESOURCES ACT 1967 - SECT 62

62 .         Rights conferred by licence

        (1)         A petroleum production licence, while it remains in force, authorises the licensee, subject to this Act and in accordance with the conditions to which the licence is subject —

            (a)         to recover petroleum in the licence area and to recover petroleum from the licence area in another area to which he has lawful access for that purpose; and

            (b)         to explore for petroleum in the licence area; and

            (c)         to carry on such operations and execute such works in the licence area as are necessary for those purposes.

        (2)         A geothermal production licence, while it remains in force, authorises the licensee, subject to this Act and in accordance with the conditions to which the licence is subject —

            (a)         to recover geothermal energy in the licence area and to recover geothermal energy from the licence area in another area to which the licensee has lawful access for that purpose; and

            (b)         to explore for geothermal energy resources in the licence area; and

            (c)         to carry on such operations and execute such works in the licence area as are necessary for those purposes.

        [Section 62 amended: No. 12 of 1990 s. 47; No. 13 of 2005 s. 16(2); No. 35 of 2007 s. 54.]