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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 123

Minister must have regard to certain matters before approving key petroleum operations

    (1)     The Minister must have regard to the impact (if any) that any of the key petroleum operations to which an application under section 122 relates could have on—

        (a)     operations for the injection of a greenhouse gas substance; or

        (b)     operations for the storage of a greenhouse gas substance

that are being, or could be, carried on under—

        (c)     an existing greenhouse gas assessment permit; or

        (d)     an existing greenhouse gas holding lease; or

        (e)     an existing greenhouse gas injection licence; or

        (f)     if a greenhouse gas assessment permit or a greenhouse gas holding lease is in force over a block or blocks

              (i)     a future greenhouse gas holding lease over the block or any of the blocks; or

S. 123(1)(f)(ii) amended by No. 26/2021 s. 14(1)(a).

              (ii)     a future greenhouse gas injection licence over the block or any of the blocks; or

S. 123(1)(g) inserted by No. 26/2021 s. 14(1)(b).

        (g)     an existing cross‑boundary greenhouse gas title; or

S. 123(1)(h) inserted by No. 26/2021 s. 14(1)(b).

        (h)     if a cross‑boundary greenhouse gas assessment permit or cross‑boundary greenhouse gas holding lease is in force over a block or blocks

              (i)     a future cross‑boundary greenhouse gas holding lease over the block or any of the blocks; or

              (ii)     a future cross‑boundary greenhouse gas injection licence over the block or any of the blocks.

    (2)     If the Minister is satisfied that there is a significant risk that any of the key petroleum operations to which an application under section 122 relates will have a significant adverse impact on—

        (a)     operations for the injection of a greenhouse gas substance; or

        (b)     operations for the storage of a greenhouse gas substance

that are being, or could be, carried on under—

        (c)     an existing greenhouse gas assessment permit held by a person other than the applicant; or

        (d)     an existing greenhouse gas holding lease held by a person other than the applicant; or

S. 123(2)(e) amended by No. 26/2021 s. 14(2)(a).

        (e)     an existing greenhouse gas injection licence held by a person other than the applicant; or

S. 123(2)(ea) inserted by No. 26/2021 s. 14(2)(b).

        (ea)     an existing cross‑boundary greenhouse gas title held by a person other than the applicant—

the Minister must have regard to—

S. 123(2)(f) amended by No. 26/2021 s. 14(2)(c).

        (f)     whether the registered holder of the greenhouse gas assessment permit, greenhouse gas holding lease, greenhouse gas injection licence or cross‑boundary greenhouse gas title, as the case may be, has agreed, in writing, to the applicant carrying on the key petroleum operations in respect of which the Minister is so satisfied; and

        (g)     if so—the terms of that agreement.

    (3)     If—

        (a)     the Minister is satisfied that there is a significant risk that any of the key petroleum operations to which an application under section 122 relates will have a significant adverse impact on—

              (i)     operations for the injection of a greenhouse gas substance; or

              (ii)     operations for the storage of a greenhouse gas substance

that could be carried on under—

              (iii)     a future greenhouse gas holding lease over a block or blocks; or

              (iv)     a future greenhouse gas injection licence over a block or blocks; and

        (b)     a greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is in force over the block or any of the blocks; and

        (c)     the greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence is held by a person other than the applicant—

the Minister must have regard to—

        (d)     whether the registered holder of the greenhouse gas assessment permit, greenhouse gas holding lease or greenhouse gas injection licence covered by paragraph (b) has agreed, in writing, to the applicant carrying on the key petroleum operations in respect of which the Minister is so satisfied; and

        (e)     if so—the terms of that agreement.

S. 123(3A) inserted by No. 26/2021 s. 14(3).

    (3A)     If—

        (a)     the Minister is satisfied that there is a significant risk that any of the key petroleum operations to which an application under section 122 relates will have a significant adverse impact on—

              (i)     operations for the injection of a greenhouse gas substance; or

              (ii)     operations for the storage of a greenhouse gas substance

that could be carried on under—

              (iii)     a future cross‑boundary greenhouse gas holding lease over a block or blocks; or

              (iv)     a future cross‑boundary greenhouse gas injection licence over a block or blocks; and

        (b)     a cross‑boundary greenhouse gas assessment permit, cross‑boundary greenhouse gas holding lease or cross‑boundary greenhouse gas injection licence is in force over the block or any of the blocks; and

        (c)     the cross‑boundary greenhouse gas assessment permit, cross‑boundary greenhouse gas holding lease or cross‑boundary greenhouse gas injection licence is held by a person other than the applicant—

the Minister must have regard to—

        (d)     whether the registered holder of the cross‑boundary greenhouse gas assessment permit, cross‑boundary greenhouse gas holding lease or cross‑boundary greenhouse gas injection licence covered by paragraph (b) has agreed, in writing, to the applicant carrying on the key petroleum operations in respect of which the Minister is so satisfied; and

        (e)     if so—the terms of that agreement.

    (4)     The Minister must have regard to the public interest.

S. 123(5) amended by No. 26/2021 s. 14(4).

    (5)     Subsections (1), (2), (3) and (3A)do not limit subsection (4).

    (6)     This section does not limit the matters to which the Minister may have regard to in deciding whether to give an approval under section 122.

S. 124 amended by No. 26/2021 s. 15.



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