Offshore Petroleum Retention Lease - Victoria

Service summary

You will require a retention lease if you wish to reserve an area for commercial petroleum mining where the mining activity is not currently viable. This lease is granted if the area will become commercially viable in the next fifteen years. This lease allows the holder to explore and recover petroleum. It also allows them to carry out operations and works within the leased area.

Offshore petroleum mining governed by the Victorian State must be within three nautical miles of the coast. Further than this is in Commonwealth waters and all licences are granted by the Commonwealth.

Please consult the responsible agency for more information and to ascertain the level of compliance (if any) that may be required.

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 either an offshore petroleum exploration permit or offshore petroleum production permit;
  • Show, with adequate support, that the site is likely to be commercial in 15 years;
  • Provide evidence of the applicant's technical and financial capacity to construct and operate the proposed facilities;
  • Provide all required information and documentation to the relevant authority; and
  • Pay the prescribed fees.

Please consult the responsible agency for more information regarding eligibility requirements.

Duration

Initial term for 5 years with renewals for a further 5 years.

Fees

 TypeAmountDescription
ApplyApplication$7,500.00

Per block. Fees for 2016-17.

Forms

 Resources
Apply

Application for an Offshore Petroleum Retention Lease - Please contact the responsible agency for application forms and registration details.

Administering agency

Department of Economic Development, Jobs, Transport and Resources
Energy and Earth Resources

Act(s) name

Offshore Petroleum and Greenhouse Gas Storage Act 2010 (Victoria)

Regulation(s) name

Offshore Petroleum and Greenhouse Gas Storage Regulations 2011 (Victoria)

Contact details

Licensing Officer
Department of Economic Development, Jobs, Transport and Resources
Energy and Earth Resources


Operating address:
Level 15
1 Spring Street
Melbourne, Victoria 3001
Mailing address:
Earth Resources Information Centre
GPO BOX 2392
Melbourne, Victoria 3001

Other:

13 61 86
customer.service@ecodev.vic.gov.au

Website:

http://www.energyandresources.vic.gov.au/ Opens in a new browser window

Supporting information

Disclaimer

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