75Applications

75 Applications

(1) In addition to complying with section 147, an applicant for a licence under this Division—

(a) must submit details of—

(i) the applicant's relevant technical qualifications and of the relevant technical qualifications of its employees; and

(ii) the relevant technical advice available to the applicant; and

(iii) the financial resources available to the applicant; and

(b) must submit details of the greenhouse gas substance available to the applicant for injection and permanent storage, including details of the nature and volume of the greenhouse gas substance proposed to be injected; and

(c) must include an assessment of the suitability of the underground geological storage formation for the permanent storage of the greenhouse gas substance specified in paragraph (b); and

(d) must include any other matters that are prescribed or required to be included in the invitation; and

(e) if the invitation requires applicants to specify an amount that they are willing to pay for the grant of the licence, must be accompanied by a deposit of 10% of the amount bid.

(2) In addition to the requirements set out in section 148, the proposed work program submitted with an application for a greenhouse gas stream injection and monitoring licence must specify a date for commencement of commercial scale injection of a greenhouse gas substance into an underground geological storage formation that is within the maximum time period prescribed in the regulations.