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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 (SLI NO 54 OF 2011) - REG 3.10

Information to be provided in annual title assessment report -- greenhouse gas holding lease

         (1)   For regulation 3.03, the required information from a greenhouse gas holding lessee is:

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

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

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

                         (ii)    the results of the work, evaluation and studies; and

                (c)    a list of the reports submitted to the responsible Commonwealth Minister in accordance with these Regulations during the year; and

               (d)    details of the lessee's plans for further evaluation work, including work that is to be carried out in the lease area; and

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

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

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

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

         (2)   An annual title assessment report may include any other information that the lessee believes is relevant to the greenhouse gas holding lease.



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