You will require this permit if you intend to mine for petroleum at sea. This permit provides an exclusive right to explore within a permit zone for areas suitable for petroleum extraction or for potential greenhouse gas storage formations. It also allows exploration, works and operations in the permit area for a potential greenhouse gas injection site.
You can apply for two types of permit:
- Work-bid petroleum exploration permit
- Cash-bid petroleum exploration permit.
- Cross-boundary petroleum exploration permit.
Please note that there are a limited number of permits. Work-bid permits are offered to the most deserving applicant while cash-bid permits are offered to the highest bidder.