330Minister must have regard to certain matters

330 Minister must have regard to certain matters

S. 330(1) amended by No. 42/2024 s. 22.

(1) The Minister must have regard to the impact (if any) that any of the key greenhouse gas operations to which an application under section 329 relates could have on petroleum exploration operations, petroleum recovery operations or underground petroleum storage operations that are being, or could be, carried on under—

(f) a future petroleum production licence.

S. 330(2) amended by No. 42/2024 s. 22.

(2) If the Minister is satisfied that there is a significant risk that any of the key greenhouse gas operations to which an application under section 329 relates will have a significant adverse impact on petroleum exploration operations, petroleum recovery operations or underground petroleum storage operations that are being, or could be, carried on under—

(a) an existing petroleum exploration permit held by a person other than the applicant; or

(b) an existing petroleum retention lease held by a person other than the applicant; or

(c) an existing petroleum production licence held by a person other than the applicant—

(d) whether the registered holder of the petroleum exploration permit, petroleum retention lease or petroleum production licence, as the case may be, has agreed, in writing, to the applicant carrying on the key greenhouse gas operations in respect of which the Minister is so satisfied; and

S. 330(3)(a) amended by No. 42/2024 s. 22.

(a) the Minister is satisfied that there is a significant risk that any of the key greenhouse gas operations to which an application under section 329 relates will have a significant adverse impact on petroleum exploration operations, petroleum recovery operations or underground petroleum storage operations that could be carried on under—

(i) a future petroleum exploration permit over a block or blocks; or

(ii) a future petroleum retention lease over a block or blocks; or

(iii) a future petroleum production licence over a block or blocks; and

(b) a petroleum exploration permit, petroleum retention lease or petroleum production licence is in force over the block or any of the blocks; and

(c) the petroleum exploration permit, petroleum retention lease or petroleum production licence is held by a person other than the applicant—

(d) whether the registered holder of the petroleum exploration permit, petroleum retention lease or petroleum production licence covered by paragraph (b) has agreed, in writing, to the applicant carrying on the key greenhouse gas operations in respect of which the Minister is so satisfied; and