Petroleum - Retention Licence / Lease - Northern Territory

Description

You will be required to apply for a retention licence or lease if you discover petroleum resources that have development potential and are not currently commercially viable but are likely to be viable within 10 to 15 years. This licence applies to both onshore and coastal discoveries. If you hold a retention licence / lease, you are expected to actively work towards making the discovered resource commercially viable. Special conditions to ensure this happens may be attached to the licence / lease.

If you require any further information, please contact the Department.

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 to apply for a retention lease / licence you must discover petroleum resources that have development potential and are not currently commercially viable but are likely to be viable within 10 to 15 years.

Duration

A license / lease has an initial term of five years. The licence / lease can be renewed for further five-year periods provided the resource is still not commercially viable.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All

Coastal Waters - $1,727.

Onshore - $11,712.

Apply Licence All

Rent - per block (paid annually).

Coastal Waters - $12,075.

Onshore - $11,392.

General Miscellaneous All

Advertising costs:

NT News - $334.69

Koori Mail - $235.75

Centralian Advocate - $239.61

Renew Renewal All

Coastal Waters - $1,727.

Onshore - $2,188.

Act(s) name

Petroleum (Submerged Lands) Act 1981 Northern Territory

Petroleum Act 1984 Northern Territory

Lodgement process

Apply

You must apply in writing and you must provide the following information with your application:

  • details of the petroleum exploration permit history
  • detailed five year work program to develop the resource's commerciality
  • project feasibility reports
  • reports of reviews of exploration data
  • proposed seismic surveys and drill wells
  • estimates of expenditure in nominal dollars
  • other work designed to progress the licence/lease towards commercialisation.

Additional information

The Department advertises all applications in the NT news. They will arrange the advertisement, but you will be responsible for the cost.

Administering agency

Department of Industry, Tourism and Trade

Energy Division

Contact details

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

Please use these contact details for help or more information:

Petroleum Registrar

Energy Division

Department of Industry, Tourism and Trade

Operating address: Fourth Floor, Centrepoint Building
48-50 Smith Street Mall
Darwin NT 0800
Mailing address: GPO BOX 4550
Darwin, Northern Territory 0801
Phone: 08 8999 7112
Fax: 08 8999 5191