Part 3.3—Greenhouse gas holding leasesDivision 1—General provisions318 Simplified outline The following is a simplified outline of this Part: This Part provides for the grant of greenhouse gas holding leases over blocks in an offshore area. A greenhouse gas holding lease authorises the lessee to explore in the lease area for potential greenhouse gas storage formations and potential greenhouse gas injection sites. A greenhouse gas holding lease may be granted to: (a) the holder of a greenhouse gas assessment permit; or (b) the holder of a greenhouse gas injection licence, where no greenhouse gas injection or permanent storage operations have been carried on under the licence; or (c) an unsuccessful applicant for a greenhouse gas injection licence; or (d) the holder of a petroleum retention lease. The main criteria for granting a greenhouse gas holding lease are: ...