Offshore Petroleum Retention Lease - Australian Government

Service summary

You will require an offshore retention lease if you intend to become the leaseholder of an offshore area that contains petroleum not commercially viable for extraction purposes at the point of application, but will become commercially viable within 15 years of the application.

A petroleum retention lease may be obtained as a result of a change to the boundary of the coastal waters of a State or Territory.

Please note that you will be required to contact the Agency if there are any identified greenhouse gas storage formations situated in the lease area.

Please consult the Contact Officer for more information.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

To be eligible for this lease you must hold an Offshore Exploration Permit or an Offshore Petroleum Production Licence. Licensees have 5 years from the date of cessation of production to apply for a lease.

You must provide a Title Assessment Report if you are a petroleum retention lessee.

The report must be provided within 30 days of the anniversary of the title being awarded or at any time required by the Agency.

Information required in the report varies depending on the scope of your operations.

Please consult the Contact Officer for more information regarding eligibility requirements.

Prerequisites

Duration

Initial lease: 5 years. The lease can be renewed.

Fees

 TypeDescription
ApplyApplication

Fees will vary depending on your circumstances. Please consult the Contact Officer for more information.

Administering agency

The National Offshore Petroleum Titles Administrator

Act(s) name

Offshore Petroleum and Greenhouse Gas Storage Act 2006 (Australian Government)

Regulation(s) name

Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2011 (Australian Government)

Contact details

Titles, Perth Office
The National Offshore Petroleum Titles Administrator


Operating address:
Level 8 Alluvion Building
58 Mounts Bay Road
Perth
Western Australia 6000
Mailing address:
GPO BOX 7871
Cloisters Square PO, Western Australia 6850

Phone:

08 64245300

Fax:

08 64245397
titles@nopta.gov.au

Disclaimer

The information contained on the Australian Business Licence and Information Service (ABLIS) web site, or via packages or other sources is intended for general guidance only.

To the full extent permitted by law, the Federal, State, Territory and Local Governments make no representations or warranties (expressed or implied) in relation to the information, including its accuracy, currency or completeness.

The business information provided does not constitute professional or legal advice, nor is the use of any third party resource an endorsement of the information contained, the associated organisation, product or service. It is recommended that you obtain appropriate professional and /or independent legal advice to ensure that the material provided here is relevant to your particular circumstances.

To the full extent permitted by law the Federal, State, Territory and Local Governments, their employees and agents do not accept any liability for any reason, including without limitation, liability in negligence, to any person for the general information which is provided herein, or in respect of anything, including the consequences of anything done, or not done, by any such person in whole or partial reliance upon the information.