(1) This section sets out a simplified outline of this Part.
(2) This Part provides for the grant of greenhouse gas search authorities over blocks in the offshore area.
(3) A greenhouse gas search authority may be granted over a block so long as none of the following is in force over the block—
(a) a greenhouse gas assessment permit;
(b) a greenhouse gas holding lease;
(c) a greenhouse gas injection licence;
(d) a petroleum exploration permit;
(e) a petroleum retention lease;
(f) a petroleum production licence.
(4) A greenhouse gas search authority authorises the holder to carry on the following operations in the authority area—
(a) operations relating to the exploration for potential greenhouse gas storage formations;
(b) operations relating to the exploration for potential greenhouse gas injection sites.
(5) A greenhouse gas search authority does not authorise the holder to make a well.
(6) This section is intended only as a guide to readers as to the general scheme and effect of this Part.