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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 3.06

Information to be provided in annual title assessment report--petroleum exploration permit

  (1)   For regulation   3.03, the required information from a petroleum exploration permittee is:

  (a)   a description of work and expenditure commitments as detailed in the permit; and

  (b)   for all work, evaluations and studies carried out in relation to the permit:

  (i)   the total expenditure of the work, evaluation and studies; and

  (ii)   the results of the work, evaluation and studies, including details about any leads and prospects identified; and

  (c)   a list of the reports submitted to the Titles Administrator in accordance with these Regulations during the year; and

  (d)   for the work, evaluations and studies expected to be carried out in relation to the permit during the next year of the permit:

  (i)   a description of work commitments and expenditure estimates; and

  (ii)   a description of the measures taken by the permittee to prepare for the work mentioned in subparagraph   (i); and

  (e)   any other information that is required to be included in the annual title assessment report by a condition of the permit.

  (2)   An annual title assessment report may include any other information that the permittee believes is relevant to the petroleum exploration permit.


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