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PEARS

The Petroleum E-business Assignments and Relinquishment System (PEARS) is the NSTA’s portal-based licence administration system.

Operatorship

The licence model clauses oblige the licensee to nominate an entity that has responsibility for organising or supervising all or any of the operations of searching or boring for or getting petroleum in pursuance of the licence, namely: 

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Guidance

The NSTA produces a range of guidance documents, to support and assist industry in fulfilling its responsibilities and obligations, to set clear expectations on standards and behaviour, and to help share best practice.

Change in control

The model clauses do not impose any requirement for approval of a change of control of a Licensee, for example, a corporate takeover, but they do grant NSTA the power to require a further change of control, and failing that a power of revocation.