VICIn ForceAct
Offshore Petroleum and Greenhouse Gas Storage Act 2010
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Offshore Petroleum and Greenhouse Gas Storage Act 2010
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Turn the raw legal text into a practical explanation grounded in Offshore Petroleum and Greenhouse Gas Storage Act 2010.
279 Notification of discovery of petroleum in petroleum exploration permit area or petroleum retention lease area
(1) This section applies if petroleum is discovered in a petroleum exploration permit area or a petroleum retention lease area.
(2) The permittee or lessee must immediately inform the Minister of the discovery.
(3) The permittee or lessee must, within 3 days after the date of the discovery, give the Minister a written notice setting out details of the discovery.
(4) Subsections (2) and (3) do not apply if the petroleum is discovered by—
(a) a greenhouse gas assessment permittee; or
(b) a greenhouse gas holding lessee; or
(c) a greenhouse gas injection licensee.
(5) A person who is subject to a requirement under subsection (2) or (3) must comply with that requirement.