Offshore Petroleum Retention Lease - Western Australia

Description

You may require this lease if you intend to produce petroleum from an offshore area in the future that is not presently commercially viable.

If you hold an exploration permit in respect of a particular block of offshore area, you may apply for the grant of a retention lease in respect of that block.

Retention leases are awarded for non-commercial petroleum discoveries. You must demonstrate that the resource is not currently commercially viable, but is likely to become viable within the next 15 years. When the discovery is deemed to be commercial, the retention lease must be converted to a production licence. At any time during the five year term the government can request a review of the commercial viability of the field in the lease area.

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:

  • hold either an offshore petroleum exploration permit or an offshore petroleum production licence
  • provide proposals for work and expenditure in the area which you intend to lease
  • provide evidence of the commercial viability of the recovery of petroleum from the area within the next 15 years
  • provide all other required information and documentation to the Agency
  • pay the prescribed fees.

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

Duration

5 years. Renewal up to a term of 15 years.

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $6209.00 -
General Miscellaneous All -

Further fees apply. Please consult the Contact Officer for more information.

Forms

Task Business Structure Resources
Apply All Petroleum and Geothermal Register (Opens in new window)

Act(s) name

Petroleum (Submerged Lands) Act 1982 WA

Regulation(s) name

Petroleum (Submerged Lands) Regulations 1990 WA

Application process

Apply

Forms can be downloaded and submitted online through the Petroleum and Geothermal Register (PGR).

Administering agency

Department of Mines, Industry Regulation and Safety

Petroleum

Contact details

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

General Enquiries

Petroleum

Department of Mines, Industry Regulation and Safety

Mailing address: 100 Plain Street
East Perth, Western Australia, 6004
Phone: 08 9222 3333
Email: petroleum.titles@dmirs.wa.gov.au
Website: Petroleum (Opens in new window)