Document ID: chunk:federal_register_of_legislation:C2024C00828:clause:4_7
Version: federal_register_of_legislation:C2024C00828
Segment Type: clause
Provision Reference: sch 4 cl 7
Character Range: 2371516–2373031

7  Variation of licence area of petroleum production licence

Variation
 (1) If:
 (a) a licensee applies under subclause 2(5) or 4(5) for a variation of the petroleum production licence; and
 (b) the Joint Authority is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains petroleum;
the Titles Administrator must, by written notice given to the licensee, vary the licence to include in the licence area the block or blocks which the Joint Authority is satisfied contains or contain petroleum.

When variation takes effect
 (2) A variation of a petroleum production licence under this clause takes effect on the day on which notice of the variation is published in the Gazette.

Effect of variation
 (3) On and after the day on which a variation of a petroleum production licence under this clause has effect:
 (a) the blocks included in the licence area because of the variation are, for the remainder of the term of the licence, blocks in relation to which the licence is in force; and
 (b) if the application for variation was made under subclause 2(5)—the petroleum exploration permit that is in force over those blocks ceases to be in force over those blocks; and
 (c) if the application for variation was made under subclause 4(5)—the petroleum retention lease that is in force over those blocks ceases to be in force over those blocks.
 (4) Paragraph (3)(a) has effect subject to Chapter 2.

Part 5—What happens if a block is not taken up