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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 161

Declared petroleum production licences

    (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

              (viii)     a future greenhouse gas injection licence

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

              (viii)     a future greenhouse gas injection licence

the Minister must, by written notice given to the petroleum production licensee, revoke the determination.



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