business.gov.au

Retention Lease - Western Australia

Description

You will need this lease if you have discovered a petroleum or geothermal energy resource that is not currently commercially viable but is likely to be in the future.

Petroleum is any naturally occurring hydrocarbon or mixture of hydrocarbons, including oil and gas. Geothermal energy resources are any subsurface rock or other substance that contains geothermal energy. Geothermal energy is thermal energy that results from natural geological processes and is contained in geothermal energy resources.

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 a current exploration permit or drilling reservation over the relevant area
  • demonstrate that your petroleum or geothermal energy resource is not currently commercially viable, but will likely be commercially viable in the next 15 years.

Duration

Five years, but may be renewed provided the resource is still not commercial viable.

Fees

Fees Details for this service in table format.

Task Type Business Structure Description
Apply Application All Fee information is in the attached fee resource.

Forms

Other resources

Task Business Structure Resources
Comply Company, Co-operative, Other, Partnership, Sole Trader Administration of Geothermal Titles in Western Australia - PDF (Opens in new window)
Comply Company, Co-operative, Other, Partnership, Sole Trader Petroleum and Geothermal Explorer's Guide - PDF (Opens in new window)
Comply Company, Co-operative, Other, Partnership, Sole Trader Petroleum Forms (Opens in new window)
Comply Company, Co-operative, Other, Partnership, Sole Trader Schedule of Fees, Guidelines and Policies (Opens in new window)

Act(s) name

Petroleum and Geothermal Energy Resources Act 1967 Western Australia

Regulation(s) name

Petroleum and Geothermal Energy Resources Regulations 1987 Western Australia

Application process

Apply

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

Additional information

If your discovery is deemed to be commercially viable, you will need to convert your retention lease to a production licence.

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.