Maintaining petroleum titles

Petroleum title surrender or expiry

All titles are granted for a certain period of time under the Petroleum Act or the Petroleum (Submerged Lands) Act.

Surrender

You can decide to surrender all or part of a petroleum title at any time after grant. 

You must apply in writing to the department. The letter must be signed by the appropriate people. You do not need to give a reason to surrender the title.

The department will check and either accept or refuse it.  If it is accepted you will be sent a letter confirming the date the title was surrendered and any requirements that you must complete.

You must complete a report on surrender. Read more about petroleum title reporting.

You must pay a fee when you surrender a petroleum title. Read more about fees and rents.

Expiry

A petroleum title expires when the titleholder chooses not to renew their title at the end of the current granted period.

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Last updated: 04 August 2016

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