167Offer document

167 Offer document

(b) the Minister is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains petroleum; and

(c) in a case where (assuming that the applicant were granted a petroleum production licence over the block or blocks as to which the Minister is satisfied as mentioned in paragraph (b)) the petroleum production licence would be a post‑commencement petroleum production licence, and—

(i) the Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production licence will have a significant adverse impact on operations that are being, or could be, carried on under a greenhouse gas assessment permit or a greenhouse gas holding lease; or

(ii) if one or more identified greenhouse gas storage formations are wholly situated in the permit area of a greenhouse gas assessment permit or the lease area of a greenhouse gas holding lease—the Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production licence will have a significant adverse impact on operations that could be carried on under a future greenhouse gas injection licence, where the identified greenhouse gas storage formation, or any of the identified greenhouse gas storage formations, is wholly situated in the licence area of the future greenhouse gas injection licence—

the Minister is satisfied that it is in the public interest for the petroleum production licence to be granted to the applicant; and

(d) in a case where—

(i) (assuming that the applicant were granted a petroleum production licence over the block or blocks as to which the Minister is so satisfied as mentioned in paragraph (b)) the petroleum production licence would be a post-commencement petroleum production licence; and

(ii) the Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production licence will have a significant adverse impact on operations that are being, or could be, carried on under a greenhouse gas injection licence—

(iii) the registered holder of the greenhouse gas injection licence has agreed, in writing, to the grant of the petroleum production licence; and

(iv) to the extent to which the agreement is a dealing to which Part 5.6 applies—the dealing has been approved under section 585 or is reasonably likely to be approved under that section; and

(v) to the extent to which the agreement is a dealing to which Part 4.6 would apply if the petroleum production licence were to come into existence—it is reasonably likely that the dealing would, after the petroleum production licence comes into existence, be approved under section 528—