(1) If—
(a) a post‑commencement petroleum production licence is in force; and
(b) the Minister is satisfied that there is a significant risk that any of the key petroleum operations that could be carried on under the licence 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 are being, or could be, carried on under—
(iii) an existing greenhouse gas assessment permit; or
(iv) an existing greenhouse gas holding lease; or
(v) an existing greenhouse gas injection licence; or
(vi) a future greenhouse gas assessment permit; or
(vii) a future greenhouse gas holding lease; or
S. 161 (1)(b)(viii) amended by No. 26/2021 s. 20(1)(a).
(viii) a future greenhouse gas injection licence; or
S. 161(1)(b)(ix) inserted by No. 26/2021 s. 20(1)(b).
(ix) an existing cross‑boundary greenhouse gas title; or
S. 161(1)(b)(x) inserted by No. 26/2021 s. 20(1)(b).
(x) a future cross‑boundary greenhouse gas title—
the Minister must, by written notice given to the petroleum production licensee, determine that the petroleum production licence is a declared petroleum production licence for the purposes of this Act.
(2) If—
(a) a determination is in force under subsection (1) in relation to a post‑commencement petroleum production licence; and
(b) the Minister is not satisfied that there is a significant risk that any of the key petroleum operations that could be carried on under the licence 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 are being, or could be, carried on under—
(iii) an existing greenhouse gas assessment permit; or
(iv) an existing greenhouse gas holding lease; or
(v) an existing greenhouse gas injection licence; or
(vi) a future greenhouse gas assessment permit; or
(vii) a future greenhouse gas holding lease; or
S. 161 (2)(b)(viii) amended by No. 26/2021 s. 20(2)(a).
(viii) a future greenhouse gas injection licence; or
S. 161(2)(b)(ix) inserted by No. 26/2021 s. 20(2)(b).
(ix) an existing cross‑boundary greenhouse gas title; or
S. 161(2)(b)(x) inserted by No. 26/2021 s. 20(2)(b).
(x) a future
cross‑boundary greenhouse gas title—
the Minister must, by written notice given to the petroleum production licensee, revoke the determination.