South Australian Numbered Acts

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PETROLEUM (MISCELLANEOUS) AMENDMENT ACT 2009 (NO 35 OF 2009) - SECT 22

22—Amendment of section 30—Grant of retention licence

        (1)         Section 30(1)—delete "grant of a retention licence" and substitute:

grant of a petroleum retention licence or a geothermal retention licence

        (2)         Section 30—after subsection (1) insert:

        (1a)         Subject to this Act, a person is, on application, entitled to the grant of a gas storage retention licence in respect of a natural reservoir if the Minister is satisfied as to 1 or both of the following:

            (a)         that it is reasonable to facilitate the testing of the natural reservoir for the storage of petroleum or another regulated substance;

            (b)         that the use of the natural reservoir for the storage of petroleum or another regulated substance is not currently commercially feasible or reasonable (including by virtue of the fact that production of petroleum or another regulated substance from a related area is not currently commercially feasible).



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