Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 172

    Before the Greater Sunrise Offshore Petroleum Joint Authority gives an offer document to an applicant for the grant of a Greater Sunrise unit reservoir petroleum production licence, the Joint Authority must:

  (a)   give to the Timorese Designated Authority a written notice that:

  (i)   states that the Joint Authority is considering granting the licence to the applicant and naming the person whom the applicant has nominated to be the unit operator; and

  (ii)   is accompanied by a copy of each Joint Venturers' Agreement that accompanied the application; and

  (iii)   is accompanied by a copy of the proposed Development Plan that accompanied the application; and

  (b)   approve:

  (i)   a unit operator for the development of the Greater Sunrise unit reservoirs in the blocks to which the licence relates; and

  (ii)   each Joint Venturers' Agreement for the development; and

  (iii)   the Development Plan for the development; and

  (c)   be satisfied that the Timorese Designated Authority has approved the same unit operator, Joint Venturers' Agreements and Development Plan for the development.