Section 370 - Offshore Petroleum and Greenhouse Gas Storage Act 2010 - Simplified outline

370Simplified outline

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370 Simplified outline

 It is an offence to—

(a) inject a substance into the seabed or subsoil of the offshore area; or

(b) store (whether on a permanent basis or otherwise) a substance in the seabed or subsoil of the offshore area—

except—

(d) as otherwise authorised or required by or under this Act or any other law of the Commonwealth; or

(e) if the injection or storage operations are specified in the regulations.

 This Part provides for the grant of greenhouse gas injection licences over blocks in the offshore area.

 A greenhouse gas injection licence authorises the licensee to carry out operations for the injection and permanent storage of greenhouse gas substances in the licence area, so long as the greenhouse gas substance is injected into, or permanently stored in, an identified greenhouse gas storage formation.

 There are 2 ways in which a greenhouse gas injection licence can be granted—

(a) grant of a greenhouse gas injection licence as a result of an application made by a greenhouse gas assessment permittee or greenhouse gas holding lessee;

(b) grant of a greenhouse gas injection licence as a result of an application made by a petroleum production licensee.