business.gov.au

Petroleum Retention Lease - Western Australia

Description

You will need this lease if you have discovered a petroleum in submerged lands that is not currently commercially viable but is likely to be within the next 15 years. Petroleum is any naturally occurring hydrocarbon or mixture of hydrocarbons, including oil and gas.

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

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
  • demonstrate that the recovery of petroleum from the area will be commercial viable within 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 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 (Submerged Lands) Act 1982 Western Australia

Regulation(s) name

Petroleum (Submerged Lands) Regulations 1990 Western Australia

Application process

Apply

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

Administering agency

Department of Energy, 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.