Victorian Current Acts

[Index] [Table] [Search] [Search this Act] [Notes] [Noteup] [Previous] [Next] [Download] [Help]

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2010 - SECT 374

Injection and storage of greenhouse gas substance

    (1)     A greenhouse gas injection licence is subject to the condition that the licensee will not—

        (a)     inject a greenhouse gas substance into an identified greenhouse gas storage formation that is wholly situated in the licence area; or

        (b)     permanently store a greenhouse gas substance in an identified greenhouse gas storage formation that is wholly situated in the licence area

unless—

        (c)     the identified greenhouse gas storage formation is specified in the licence; and

        (d)     the greenhouse gas substance is of a kind that is specified in the licence; and

        (e)     the greenhouse gas substance complies with such requirements (if any) as are specified in the licence; and

        (f)     the origin or origins of the greenhouse gas substance are as specified in the licence; and

        (g)     the greenhouse gas substance is injected at a potential greenhouse gas injection site or sites specified in the licence; and

        (h)     the greenhouse gas substance is injected during a period specified in the licence; and

              (i)     the sum of—

              (i)     the total amount of greenhouse gas substance that has already been injected into the identified greenhouse gas storage formation; and

              (ii)     the total amount of greenhouse gas substance that is proposed to be injected into the identified greenhouse gas storage formation—

        does not exceed the amount specified in the licence; and

        (j)     the rate, or range of rates, of injection of the greenhouse gas substance is as specified in the licence; and

        (k)     in a case where the fundamental suitability determinants of the identified greenhouse gas storage formation include particular engineering enhancements—those engineering enhancements have been made.

    (2)     The matters specified in the licence as mentioned in subsection (1)(d) to (k) must not be inconsistent with the fundamental suitability determinants of the identified greenhouse gas storage formation concerned.

    (3)     To avoid doubt, 2 or more identified greenhouse gas storage formations may be specified in a greenhouse gas injection licence as mentioned in subsection (1)(c).

    (4)     If 2 or more identified greenhouse gas storage formations are specified in a greenhouse gas injection licence, different matters may be specified in the licence as mentioned in subsection (1)(d) to (j) for different identified greenhouse gas storage formations.

    (5)     For the purposes of subsection (1)(f), disregard any incidental greenhouse gas‑related substances in determining the origin of a greenhouse gas substance.

    (6)     If a greenhouse gas injection licence is granted under section 397 to the registered holder of a petroleum production licence, the origin or origins specified under subsection (1)(f) of this section must be situated in the licence area of the petroleum production licence.

    (7)     If a greenhouse gas injection licence is tied to a petroleum production licence, the origin or origins specified under subsection (1)(f) of this section must be situated in the licence area of the petroleum production licence.

    (8)     The condition mentioned in subsection (1) must be specified in the licence.

    (9)     Subsection (1) does not limit sections 373 or 376.



AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback