Western Australian Current Regulations Western Australian Current Regulations (1) In this
regulation —
significant event means any of the
following —
(a) a
change in the understanding of the characteristics of the geology or
underground formation that may have a significant impact on the optimum
long‑term recovery of petroleum;
(b) a
new or increased risk to the recovery of petroleum within the licence area;
(c) a
new or increased risk to the recovery of petroleum outside the licence area
caused by the development of petroleum pools in the licence area;
(d) a
new or increased risk of activities in the licence area causing effects
outside the licence area (for example, aquifer depletion caused by petroleum
extraction);
(e) a
change to the proposed option for the development of petroleum pools in the
licence area, including any tie‑in opportunity with nearby licence
areas.
(2) This regulation
applies if a licensee becomes aware that a significant event has occurred in,
or in relation to, the licence area.
(3) The licensee must
give the Minister oral notice of the significant event as soon as practicable,
but in any case within 2 hours, after becoming aware of it.
Penalty: a fine of $10 000.
(4) The licensee must
give the Minister written notice of the significant event, in accordance with
subregulation (5), as soon as practicable, but in any case within
3 days, after becoming aware of it.
Penalty: a fine of $10 000.
(5) The notice under
subregulation (4) must include —
(a) all
the material facts and circumstances about the significant event that the
licensee is aware of or is able, by reasonable search and inquiry, to find
out, including —
(i)
when the event occurred or was first detected; and
(ii)
the implications of the event for the petroleum pool and
the optimum long‑term recovery of petroleum;
and
(b) the
action the licensee proposes to take in response to the significant event.
(6) The notice under
subregulation (4) may include any other information the licensee
considers relevant.