Form etc. of lease
44 Form etc. of lease
Every lease shall—
confer upon the lessee—
the exclusive right to prospect for, mine, extract, recover, remove, and dispose of all petroleum in or under the land demised, with the right to construct and maintain thereon all works buildings plant waterways (including any pipelines for conveying water) roads pipelines reservoirs tanks pumping stations and other structures necessary to the full enjoyment thereof; and
the right to plug and abandon, or otherwise remediate, a bore or well the lessee reasonably believes is a legacy borehole and rehabilitate the surrounding area in compliance with the requirements prescribed under a regulation; and
be for a term no longer than the period nominated (with reasons for the nomination) by the applicant as an appropriate term for producing in an economically viable way the petroleum from the fields within the land the subject of the lease; and
be subject to the mandatory conditions for leases and any conditions decided by the Minister.
Note—The carrying out of particular activities on particular land in a lease’s area may not be authorised following the taking of the land under a resumption law. See section 124B.
Despite subsection (1), the holder can not—
carry out GHG stream storage; or
inject a GHG stream into the Great Artesian Basin for the purpose of enhanced petroleum recovery.
In this section—enhanced petroleum recovery see the GHG storage Act, schedule 2.Great Artesian Basin see the GHG storage Act, schedule 2.
This provision refers to the regulations (a regulation
). Made under this Act:
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