Petroleum Retention Lease - Tasmania

Description

You may require this lease if you intend to explore for petroleum in Tasmanian coastal waters. Tasmanian coastal waters extend for three nautical miles from the coastline of Tasmania.

If you have an exploration permit authorising you to explore for petroleum in particular blocks, you may apply for the grant of a retention lease over those blocks. A lease authorises you to explore for petroleum, and carry on operations and execute works for that purpose, in the lease area.

A retention lease is a holding title. You may intend to apply for a retention licence if you have discovered a petroleum resource, but its extraction is not yet commercially viable. A retention lease will allow you more time in which to plan to develop the resource, and to obtain financing.

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

To be eligible for this lease you must:

  • Provide particulars of the work and expenditure you propose to undertake in the lease area;
  • Provide details of the commercial viability of the recovery of petroleum, and the future commercial viability;
  • Submit the approved form; and
  • Pay the required fees.

Please note that the Agency will not grant a lease unless it is satisfied that the area is not commercially viable, but is likely to become commercially viable within 15 years of granting the lease.

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

Duration

5 years.

Fees

Fees Details for this service in table format.

Task Type Description
Apply Application

Please consult the Contact Officer for information on fees to be submitted.

Forms

Task Resources
Apply Application for a Petroleum Retention Lease - Please consult the Contact Officer for information on forms to be submitted.

Act(s) name

Petroleum (Submerged Lands) Act 1982 TAS

Administering agency

Department of State Growth

Transport, Regulatory and Customer Services

Mineral Resources Tasmania

Contact details

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

Enquiries

Mineral Resources Tasmania

Transport, Regulatory and Customer Services

Department of State Growth

Operating address: 30 Gordons Hill Road
Rosny Park
Tasmania 7018
Mailing address: PO BOX 56
Rosny Park, Tasmania 7018
Phone: 03 6165 4800
Fax: 03 6233 8338
Email: info@mrt.tas.gov.au