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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 4.06

Criteria for acceptance of field development plan

             (1)  The Joint Authority must accept a field development plan under paragraph 4.05(2)(a) or subregulation 4.05(5) if the Joint Authority is satisfied that:

                     (a)  the plan includes the matters mentioned in subregulation 4.07(1); and

                     (b)  the plan demonstrates that the person will conduct pool management in the field in a manner that is:

                              (i)  consistent with good oilfield practice; and

                             (ii)  compatible with optimum long-term recovery of the petroleum.

             (2)  The Joint Authority must not accept a field development plan if the Joint Authority is not satisfied that the plan meets the requirements of subregulation (1).



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