South Australian Numbered Acts

PETROLEUM (MISCELLANEOUS) AMENDMENT ACT 2009 (NO 35 OF 2009) - SECT 26

26—Substitution of section 34

Section 34—delete the section and substitute:

34—Production licences

        (1)         There will be 3 categories of production licence:

            (a)         a "petroleum production licence";

            (b)         a "geothermal production licence";

            (c)         a "gas storage licence".

        (2)         A petroleum production licence authorises, subject to its terms—

            (a)         operations for the recovery of petroleum or some other regulated substance from the ground including—

                  (i)         operations involving the injection of petroleum or another substance into a natural reservoir for the recovery (or enhanced recovery) of petroleum or another regulated substance; and

                  (ii)         if the licence so provides—the extraction of petroleum or another regulated substance by an artificial means such as in situ gasification or the techniques used to recover coal seam methane;

            (b)         operations for the processing of regulated substances;

            (c)         operations for the storage or withdrawal of petroleum or some other regulated substance for the prudent supply or delivery of the petroleum or other regulated substance to the market.

        (3)         A geothermal production licence authorises, subject to its terms, operations for the extraction or release of geothermal energy.

        (4)         A gas storage licence authorises, subject to its terms, operations for the use of a natural reservoir for the storage of petroleum or some other regulated substance.

        (5)         A production licence also authorises (subject to its terms) the licensee to carry out other regulated activities within the licence area.