Petroleum Retention Lease - Tasmania

Service summary

You may require this lease if you intend to explore for petroleum in Tasmanian coastal waters. Tasmanian coastal waters extend for three nautical miles from the coastline of Tasmania.

If you have an exploration permit authorising you to explore for petroleum in particular blocks, you may apply for the grant of a retention lease over those blocks. A lease authorises you to explore for petroleum, and carry on operations and execute works for that purpose, in the lease area.

A retention lease is a holding title. You may intend to apply for a retention licence if you have discovered a petroleum resource, but its extraction is not yet commercially viable. A retention lease will allow you more time in which to plan to develop the resource, and to obtain financing.

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:

  • Provide particulars of the work and expenditure you propose to undertake in the lease area;
  • Provide details of the commercial viability of the recovery of petroleum, and the future commercial viability;
  • Submit the approved form; and
  • Pay the required fees.

Please note that the Agency will not grant a lease unless it is satisfied that the area is not commercially viable, but is likely to become commercially viable within 15 years of granting the lease.

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

Duration

5 years.

Fees

 TypeDescription
ApplyApplication

Please consult the Contact Officer for information on fees to be submitted.

Forms

 Resources
Apply

Application for a Petroleum Retention Lease - Please consult the Contact Officer for information on forms to be submitted.

Administering agency

Department of State Growth
Transport, Regulatory and Customer Services
Mineral Resources Tasmania

Act(s) name

Petroleum (Submerged Lands) Act 1982 (Tasmania)

Contact details

Enquiries
Department of State Growth
Transport, Regulatory and Customer Services
Mineral Resources Tasmania


Operating address:
30 Gordons Hill Road
Rosny Park
Tasmania 7018
Mailing address:
PO BOX 56
Rosny Park, Tasmania 7018

Phone:

03 6165 4800

Fax:

03 6233 8338
info@mrt.tas.gov.au

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