Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 129

Single petroleum pool

  (1)   If:

  (a)   a petroleum pool is identified in a petroleum exploration permit area; and

  (b)   the permittee or another person has, whether in or outside the permit area, recovered petroleum from the pool;

the permittee may nominate, for declaration as a location:

  (c)   if the pool extends to only one block in the permit area--that block; or

  (d)   if the pool extends to 2 or more blocks in the permit area--those blocks.

2 or more petroleum pools

  (2)   If:

  (a)   2 or more petroleum pools are identified in a petroleum exploration permit area; and

  (b)   the permittee or another person has, whether in or outside the permit area, recovered petroleum from each of those pools;

the permittee may, instead of making a nomination under subsection   (1) in relation to each pool, nominate for declaration as a single location:

  (c)   all of the blocks to which the pools extend; or

  (d)   all of the blocks to which any 2 or more of the pools extend.

  (3)   To be effective, a nomination under subsection   (2) that relates to 2 or more pools must be such that, in the case of each of the pools, at least one of the blocks to which the pool extends immediately adjoins a block to which the other, or another, of those pools extends.

  (4)   For the purposes of subsection   (3), a block immediately adjoins another block if the graticular section that constitutes or includes that block and the graticular section that constitutes or includes that other block:

  (a)   have a side in common; or

  (b)   are joined together at one point only.

Form of nomination

  (5)   A nomination under this section must be:

  (a)   in writing; and

  (b)   given to the Joint Authority.