(1) A petroleum titleholder commits an offence if the titleholder:
(a) undertakes a geophysical or geological survey in a title area; and
(b) does not give the Designated Authority a survey interpretation report and interpretative survey data within:
(i) for a seismic survey -- 18 months after the day that the acquisition of the data is completed; or
(ii) for any other type of survey -- 12 months after the day that the acquisition of the data is completed; or
(iii) if the Designated Authority authorises the titleholder to give the report and data within another period -- the other period.
Penalty: 50 penalty units.
(2) In this regulation:
interpretative survey data means each type of data mentioned in an item in Schedule 5:
(a) presented on a medium and in a format specified in the item; or
(b) presented on another medium or in another format that the Designated Authority has authorised the titleholder to use.
survey interpretation report means a report that includes the following information:
(a) the name of the survey;
(b) the title under which the survey was conducted;
(c) the name of the titleholder;
(d) a description of the objectives of the interpretation;
(e) for a seismic survey:
(i) a list of the surfaces interpreted; and
(ii) a justification of the surfaces interpreted, including synthetic seismograms if available; and
(iii) the velocity field used to convert time to depth (including ASCII data) and the basis for the velocity field; and
(iv) if available, time slices to describe the environment of deposition;
(f) a bathymetric map of the survey area;
(g) an index of the maps created during the interpretation.