Nomination of blocks as a location
129 Nomination of blocks as a location
Single petroleum pool
If:
a petroleum pool is identified in a petroleum exploration permit area; and
the permittee or another person has, whether in or outside the permit area, recovered petroleum from the pool;
the permittee may nominate, for declaration as a location:
if the pool extends to only one block in the permit area—that block; or
if the pool extends to 2 or more blocks in the permit area—those blocks.
2 or more petroleum pools
If:
2 or more petroleum pools are identified in a petroleum exploration permit area; and
the permittee or another person has, whether in or outside the permit area, recovered petroleum from each of those pools;
the permittee may, instead of making a nomination under subsection (1) in relation to each pool, nominate for declaration as a single location:
all of the blocks to which the pools extend; or
all of the blocks to which any 2 or more of the pools extend.
To be effective, a nomination under subsection (2) that relates to 2 or more pools must be such that, in the case of each of the pools, at least one of the blocks to which the pool extends immediately adjoins a block to which the other, or another, of those pools extends.
For the purposes of subsection (3), a block immediately adjoins another block if the graticular section that constitutes or includes that block and the graticular section that constitutes or includes that other block:
have a side in common; or
are joined together at one point only.
Form of nomination
A nomination under this section must be:
in writing; and
given to the Joint Authority.
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