Section 89: Surrender of Licence or Lease.

1 Notwithstanding the provisions of this Act on relinquishment, a holder of a petroleum prospecting licence, petroleum exploration licence or petroleum mining lease may surrender part or the whole of the licenced or leased area, provided that the licensee or lessee has—
a complied with obligations imposed by or incurred under the applicable licence or lease; and
b given three months’ notice in writing to the Commission prior to the surrender.

2 Any rent or fee paid prior to a surrender under subsection (1) shall not be refundable and the licence or lease surrendered shall be without prejudice to any obligation or liability imposed by or incurred under the applicable licence or lease.