282Determination to be disregarded in certain cases

282 Determination to be disregarded in certain cases

If a determination has been made by the Minister under section 691 in relation to a well, that determination is to be disregarded in determining the value of B for the purposes of section 281.

Chapter 3—Regulation of activities relating to injection and storage of greenhouse gas substances

Part 3.1—Introduction

283 Simplified outline

(2) This Chapter provides for the grant of the following titles—

(a) a greenhouse gas assessment permit (see Part 3.2);

(b) a greenhouse gas holding lease (see Part 3.3);

(c) a greenhouse gas injection licence (see Part 3.4);

(d) a greenhouse gas search authority (see Part 3.5);

(e) a greenhouse gas special authority (see Part 3.6).

 A greenhouse gas assessment permit authorises the permittee to explore in the permit area for potential greenhouse gas storage formations and potential greenhouse gas injection sites.

 If an eligible greenhouse gas storage formation is identified in a greenhouse gas permit area, the Minister may declare that the formation is an identified greenhouse gas storage formation.

 After the declaration of an identified greenhouse gas storage formation in a greenhouse gas permit area, the permittee may apply for a greenhouse gas holding lease or a greenhouse gas injection licence.

 A greenhouse gas holding lease is granted if the applicant is not currently in a position to inject and store a greenhouse gas substance, but is likely to be in such a position within 15 years. The lessee may apply for a greenhouse gas injection licence.

 A greenhouse gas injection licence authorises the licensee to carry out greenhouse gas injection and storage operations in the licence area.

 A greenhouse gas search authority authorises the holder to carry on operations in the authority area relating to the exploration for potential greenhouse gas storage formations or potential greenhouse gas injection sites (but not to make a well).

S. 283(9) amended by No. 64/2012 s. 65.

 A greenhouse gas special authority authorises the holder to carry on certain greenhouse gas-related operations in the authority area (but not to make a well, other than a deviation well that enters an adjacent permit area, lease area or licence area that is the subject of a permit, licence or lease held by that holder).

 Part 3.7 provides for the grant of greenhouse gas research consents. A greenhouse gas research consent authorises the holder to carry on greenhouse gas-related operations in the course of a scientific investigation.