The objects of these
regulations are —
(a) to
ensure that operations relating to the exploration for petroleum or the
recovery of petroleum in the State are —
(i)
carried out in a proper and workmanlike manner and in
accordance with good oil‑field practice; and
(ii)
compatible with the optimum long‑term recovery of
petroleum; and
(iii)
carried out in a way that reduces the risk of aquifer
contamination;
and
(b) to
ensure that the Minister is informed, in a timely and consistent manner,
of —
(i)
the exploration for petroleum; and
(ii)
the discovery of petroleum; and
(iii)
the appraisal of discoveries; and
(iv)
operations relating to the recovery of petroleum; and
(v)
the results of those operations;
and
(c) to
provide a framework for encouraging the adequate collection, retention and
timely dissemination of petroleum data; and
(d) to
assist in ensuring the adequacy of the data acquired; and
(e) to
allow for the efficient management of data confidentiality and the disclosure
of data on completion of the relevant confidentiality periods.