How big is a five-minute graticular block? If Santos applies for a production lease will blocks be joined together or spread across a wide area?
When mapped, a five-minute graticular block is bounded by lines (graticules) that mark five minutes longitude and five minutes latitude. In the Gunnedah region, a graticular block is approximately 9 x 8 kilometres (74 square kilometres, 18,130 acres or 7,300 hectares). If the exploration and appraisal phases show that a petroleum exploration licence (PEL) area has a viable resource, the owners of the PEL can apply to the DPI license a maximum area of four graticular blocks (always joined together) to become a production lease. The remaining PELarea may be retained for further exploration by the current owner. They may choose to surrender it to the DPI to put out to tender for further exploration.
Related Questions
- How many acres are in a five-minute graticular block? If Santos applies for a Production Lease will blocks be joined together or spread across a wide area?
- What happens when there are too many blocks on a seesaw, or when a block gets too big? Shouldn this be able to sustain hundreds of contributions?
- One block is nice, but can more blocks be purchased?
