Commonwealth Consolidated Regulations

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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 4.01

Definitions

                   In this Part:

"field" , in relation to a field development plan, means an area within the licence area that is subject to the plan.

"licence area" , in relation to an applicant for a petroleum production licence, means the area constituted by the block or blocks that will be the subject of the petroleum production licence if the licence is granted.

"major change" , in relation to the recovery of petroleum from a field, includes the following:

                     (a)  the petroleum production licensee changes the development strategy or management strategy of a field or a petroleum pool;

                     (b)  the petroleum production licensee changes the plan for the development of additional pools in the field;

                     (c)  the petroleum production licensee ceases production, permanently or for the long term, before the date proposed in the field development plan;

                     (d)  the petroleum production licensee introduces new methods for the petroleum recovery, such as enhanced recovery and injection of fluids.

"significant event" includes the following:

                     (a)  a change in the understanding of the characteristics of the geology or reservoir that may have a significant impact on the optimum recovery of petroleum;

                     (b)  a new or increased risk to the recovery of petroleum within the licence area;

                     (c)  a new or increased risk to the recovery of petroleum outside the licence area caused by the development of pools in the licence area;

                     (d)  a new or increased risk of activities in the licence area causing effects outside the licence area (for example aquifer depletion caused by hydrocarbon extraction);

                     (e)  change to the proposed option for development of pools in the licence area, including any tie-in opportunity with nearby licence areas.



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