Document ID: chunk:federal_register_of_legislation:C2024C00828:section:5
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 5
Character Range: 417262–418949

5                                          a petroleum production licence granted under section 183A                                                                                                                                                                                                                                           for the period of 21 years beginning on the day on which the licence is granted.

 (2) Subsection (1) has effect subject to this Chapter.
 (3) A petroleum production licence covered by item 1, 3A or 4 of the table in subsection (1) is called a life‑of‑field petroleum production licence.
 (4) A petroleum production licence covered by item 2, 3 or 5 of the table in subsection (1) is called a fixed‑term petroleum production licence.
Note 1: For a special rule about the extension of the duration of licences pending decisions on renewal applications, see subsection 184(6).
Note 2: For special rules about the duration of licences granted over individual blocks, see subsections 183(3) and (4).
Note 3: For the revocation of an initial petroleum production licence mentioned in section 182, see subsection 183(7).
Note 4: For a special rule about when a petroleum production licence ceases to be in force following the grant of a petroleum retention lease, see section 151.
Note 5: For the surrender of a petroleum production licence, see Part 2.12.
Note 6: For the cancellation of a petroleum production licence, see Part 2.13.
Note 7: For the termination of a life‑of‑field petroleum production licence if there have been no recovery operations for 5 years, see section 166.
Note 8: See also section 780 (compensation for acquisition of property).