Petroleum retention lease

A retention lease encourages the timely development of petroleum resources and provides security of title for those resources that are not currently commercially viable but are likely to become so within 15 years.

Guidance

View the relevant legislation and regulations on our Legislation page.

Visit our Guidelines and Fact sheets pages for more information including:

• Applicant suitability guideline
• Offshore petroleum retention lease guideline
• Annual title assessment report fact sheet
• Declaration of experience and disclosures fact sheet and FAQs
• Financial resources fact sheet.

View Application fees and annual levies.

Forms

Relevant forms and Forms Guidance are on our Forms page. These include:

• Petroleum retention lease application
• Variation of conditions(s) of title – petroleum retention lease application
• Request for extension of time to lodge an application for renewal of a petroleum title
• Renewal of a petroleum retention lease application
• Exemption from condition(s) of title – petroleum retention lease application
• Longer period for grant of a petroleum title
• Request for grant of a petroleum title.