Commonwealth Numbered Regulations

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 (SLI NO 54 OF 2011) - REG 4.19

         (1)   A petroleum production licensee commits an offence if:

                (a)    a significant event occurs in, or in relation to, the licence area; and

               (b)    the licensee becomes aware of the significant event; and

                (c)    the licensee does not provide a written notification of the significant event to the Designated Authority within 7 days after becoming aware of the event.

Penalty:   60 penalty units.

         (2)   The notification must include:

                (a)    all the material facts and circumstances about the significant event that the licensee is aware of or is able, by reasonable search and inquiry, to find out, including:

                          (i)    when the event occurred or was first detected; and

                         (ii)    the implications of the event for the reservoir and the optimum long-term recovery of petroleum; and

               (b)    the action the licensee proposes to take in response to the significant event.

         (3)   The notification may include any other facts the licensee considers relevant.