Document ID: chunk:federal_register_of_legislation:C2024C00828:section:159
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 159
Character Range: 396754–397940

159  Simplified outline
  The following is a simplified outline of this Part:

         • It is an offence to recover petroleum in an offshore area except:

                (a) under a petroleum production licence; or
                (b) as otherwise authorised or required by or under this Act.

         • This Part provides for the grant of petroleum production licences over blocks in an offshore area.
         • A petroleum production licence authorises the licensee to carry out petroleum recovery operations in the licence area.
         • There are 4 ways in which a petroleum production licence can be granted:
             (a) grant of a petroleum production licence as a result of an application made by a petroleum exploration permittee or a petroleum retention lessee;
             (b) grant of a petroleum production licence over a surrendered block or a similar block;
             (c) grant of a petroleum production licence over an individual block in exchange for another licence that was in force over the same block;
             (d) grant of a petroleum production licence as a result of a change to the boundary of the coastal waters of a State or Territory.