Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 357

  (1)   A greenhouse gas injection licence authorises the licensee, in accordance with the conditions (if any) to which the licence is subject:

  (a)   to inject a greenhouse gas substance into an identified greenhouse gas storage formation that is wholly situated in the licence area, so long as the relevant well is situated in the licence area; and

  (b)   to permanently store a greenhouse gas substance in an identified greenhouse gas storage formation that is wholly situated in the licence area, so long as the injection of the stored greenhouse gas substance takes place at a well situated in the licence area; and

  (c)   to explore in the licence area for a potential greenhouse gas storage formation; and

  (d)   to explore in the licence area for a potential greenhouse gas injection site; and

  (e)   to inject, on an appraisal basis, a greenhouse gas substance into a part of a geological formation, so long as the relevant well is situated in the licence area; and

  (f)   to store, on an appraisal basis, a greenhouse gas substance in a part of a geological formation, so long as the injection of the stored greenhouse gas substance takes place at a well situated in the licence area; and

  (g)   to inject, on an appraisal basis:

  (i)   air; or

  (ii)   petroleum; or

  (iii)   water;

    into a part of a geological formation for purposes in connection with the exploration authorised by paragraph   (c) or (d), so long as the relevant well is situated in the licence area; and

  (h)   to store, on an appraisal basis:

  (i)   air; or

  (ii)   petroleum; or

  (iii)   water;

    in a part of a geological formation for purposes in connection with the exploration authorised by paragraph   (c) or (d), so long as the injection of the stored air, petroleum or water takes place at a well situated in the licence area; and

  (i)   with the written consent of the responsible Commonwealth Minister, to recover petroleum in the licence area for the sole purpose of appraising a discovery of petroleum that was made as an incidental consequence of:

  (i)   the injection authorised by paragraph   (a), (e) or (g); or

  (ii)   the exploration authorised by paragraph   (c) or (d); and

  (j)   to carry on such operations, and execute such works, in the licence area as are necessary for those purposes.

  (2)   The rights conferred on the licensee by subsection   (1) are subject to this Act and the regulations.

  (3)   If petroleum is recovered by the licensee in the licence area as authorised by paragraph   (1)(i), the petroleum does not become the property of the licensee.

  (4)   A greenhouse gas injection licence does not authorise the licensee to make a well outside the licence area.