Offshore Retention Lease for Petroleum - New South Wales

Description

If you hold an exploration permit for petroleum you can apply for a lease to undertake commercial petroleum mining on specified blocks. This lease applies to activities within three nautical miles from the NSW coast.

This lease allows you to explore and recover petroleum, as well to carry out operations and works within the leased area. This lease is granted if the recovery of petroleum is not currently commercially viable, but is likely to become commercially viable within 15 years.

Please be aware that a lease may be granted subject to conditions. Types of conditions include conditions with respect to work carried out in the specified area, or the amounts expended.

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

Your application must include:

  • particulars of the proposal of work and expenditure in respect of the area comprised in the blocks specified in the application
  • particulars of the commercial viability of the recovery of petroleum from the area comprised in the blocks specified in the application
  • any matter you want to be considered
  • the prescribed fee.

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

Prerequisites

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $1200.00 -
Apply Licence All $6000.00

Annual fee for each block to which the lease relates as at the beginning of the year concerned.

Renew Renewal All $1200.00 -
Transfer Transfer All $600.00 -
Transfer Transfer All $3000.00

For related corporations.

Forms

Task Business Structure Resources
Apply All Offshore Retention Lease for Petroleum - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Petroleum (Offshore) Act 1982 NSW

Regulation(s) name

Petroleum (Offshore) Regulation 2016 NSW

Administering agency

Department of Planning and Environment

Division of Resources and Energy

Mineral Resources

Contact details

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

General Enquiries

Mineral Resources

Division of Resources and Energy

Department of Planning and Environment

Operating address: 516 High Street
Maitland, New South Wales 2320
Mailing address: PO Box 344
Hunter Regional Mail Centre
NSW 2310
Toll Free: 1300 736 122
Phone: 02 4931 6666
Fax: 02 4931 6790
Email: minres.webcoordinator@industry.nsw.gov.au