Petroleum Exploration Permit - Victoria

Description

You will require this permit if you intend to explore for petroleum. The permit provides exclusive rights, and renewal rights, to explore for petroleum in a defined area. This area may not exceed 12 500 square kilometres in size.

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 permit, you must:

  • make an application for areas notified
  • ensure application is accompanied with details on the proposed exploration work programs
  • provide details of estimated expenditure (such as seismic surveys, exploration wells), technical expertise of the applicant and the adequacy of its financial resources to meet work obligations in the permit
  • pay the prescribed fee.

Please note that a tenement may be required.

Ongoing eligibility requirements

It is an ongoing requirement of this permit that you abide by any conditions or obligations issued by the Agency, such as approval of project, operational and environmental plans and Safety Management Systems. You must submit:

  • six-monthly reports, within thirty days after the end of half-yearly period
  • annual reports, within thirty days after each anniversary date.

All tenements issued under the Act can be varied and transferred to another party with the approval of the Minister. With the approval of the Minister, dealings (agreements assigning interests to other parties and creating agreements) are also registered against tenements.

The Minister must be notified immediately prior to the discovery of petroleum.

Duration

Expires five years after the day on which it was registered. It can be renewed once for another five years with a reduction of size of at least 50%.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Fees may vary. Please contact the responsible agency for more information.

Act(s) name

Petroleum Act 1998 Victoria

Regulation(s) name

Petroleum Regulations 2011 Victoria

Application process

Apply

Two copies of the application must be submitted to the relevant authority.

Additional information

You must submit a work program in relation to your permit.

Administering agency

Department of Jobs, Skills, Industry and Regions

Earth Resources

Contact details

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