383Offer document for application by lessee

383 Offer document for application by lessee

(a) an application for the grant of a greenhouse gas injection licence has been made under section 379 by a greenhouse gas holding lessee; and

(b) the Minister is satisfied that, if the greenhouse gas injection licence were granted to the applicant, the applicant will, within 5 years after the grant, commence operations to—

(i) inject a greenhouse gas substance into the identified greenhouse gas storage formation, or at least one of the identified greenhouse gas storage formations, concerned; and

(ii) permanently store the greenhouse gas substance in the identified greenhouse gas storage formation, or at least one of the identified greenhouse gas storage formations, concerned; and

S. 383(1)(c) amended by No. 42/2024 s. 26.

(c) if the Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the greenhouse gas injection licence 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—

(ii) an existing post‑commencement petroleum retention lease (other than a petroleum retention lease granted under section 139); or

(iii) a future post‑commencement petroleum production licence over the block or any of the blocks to which an existing post‑commencement petroleum exploration permit, or an existing post‑commencement petroleum retention lease (other than a petroleum retention lease granted under section 139), relates—

the Minister is satisfied that the grant of the greenhouse gas injection licence is in the public interest; and

S. 383(1)(d) amended by No. 42/2024 s. 26.

(d) if the Minister is satisfied that there is a significant risk that any of the operations that could be carried on under the greenhouse gas injection licence 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—

(i) an existing pre‑commencement petroleum title held by a person other than the applicant; or

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

(iii) the registered holder of the pre‑commencement petroleum title or the petroleum production licence, as the case may be, has agreed, in writing, to the grant of the greenhouse gas injection licence; and

(iv) to the extent to which the agreement is a dealing to which Part 4.6 applies—the dealing has been approved under section 528 or is reasonably likely to be approved under that section; and