business.gov.au

Offshore Production Licence for Petroleum - New South Wales

Description

You will need this licence if you are an individual or corporation that intends to undertake operations for the recovery of petroleum over a specific piece of land in New South Wales. This licence applies to activities within three nautical miles from the NSW coast.

This licence allows you to:

  • recover petroleum in the licence area
  • explore for petroleum in the licence area
  • carry on such operations and execute such works in the licence area as are necessary for those purposes.

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 licence, you must:

 

  • provide details of proposed work, including work program, methods and area of exploration, qualification details of yourself and all technical advisers to be employed, estimated costs
  • provide details of available finances to prove sufficient funds to carry out production, including your latest annual report or audited accounts. If finance is provided by another company, you must provide letter of guarantee for finances.

Duration

21 years

Expiry

End of 21 year period (renewal must be lodged 6 months before this date).

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All -

Application fees:

  • generally - $1200.00
  • for surrendered, cancelled or determined block or blocks - $3000.00
  • for individual blocks - $600.00.

Fees for 2023-24
Apply Licence All $18000.00

For each block to which the lease relates. Fees for 2023-24
Renew Renewal All $1200.00

Fees for 2023-24
Transfer Transfer All -

Transfer fees:

  • generally - $600.00
  • for related corporations - $3000.00.

Fees for 2023-24

Forms

Act(s) name

Petroleum (Offshore) Act 1982 New South Wales

Regulation(s) name

Petroleum (Offshore) Regulation 2016 New South Wales

Application process

Renew

Renewals must be lodged 6 months before the expiry of the licence.

Administering agency

Department of Regional NSW

Division of Resources and Geoscience

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.