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, and 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.

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.

Prerequisites

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $1200.00 Retention Lease
Apply Application All $1200.00 Retention Lease Renewal
Apply Licence All $6000.00 For each block to which the licence relates

Forms

Act(s) name

Petroleum (Offshore) Act 1982 New South Wales

Regulation(s) name

Petroleum (Offshore) Regulation 2016 New South Wales

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.