Petroleum Act 1984

(1) Subject to this Act, a permittee may apply for a retention licence by lodging with the Minister the following:

(b) a statement containing the designated number of each block the subject of the application;

(ba) a statement justifying the number of blocks subject to the application;

(c) a map clearly delineating the application area and the boundaries of the existing exploration permit area from which the application area is to be excised;

(ii) the applicant has established the presence of petroleum within the application area and notified, under section 64, the Minister of the presence of petroleum; and

(iii) although the petroleum present is potentially of a commercial quality and quantity, production from the application area is not, at the present time, commercially viable;

(e) a proposed technical works programme for the exploration, appraisal and development of petroleum within the application area, including an economic appraisal in relation to the presence of petroleum, during the period of the proposed licence;

(f) evidence of the technical and financial capacity of the applicant to carry out the proposed technical works programme and to comply with this Act;

(g) where the application is made by 2 or more persons, the proposed sharing arrangements between the applicants;

(i) believes that an appraisal of the application area cannot be carried out during the unexpired term of the exploration permit; and

(ii) has not applied for a production licence in relation to the application area;

(m) such other information in support of the application as the applicant thinks fit.

(2) Where the Minister has received an application for a retention licence, the Minister may, by notice served on the applicant, request further information in relation to the applicant or the application.