486ANotification of eligible greenhouse gas storage formation—consolidation of work-bid greenhouse gas assessment permit

486A Notification of eligible greenhouse gas storage formation—consolidation of work-bid greenhouse gas assessment permit

(a) 2 work-bid greenhouse gas assessment permits (the existing work-bid greenhouse gas assessment permits) are in force; and

(b) a person is the registered holder of both existing work-bid greenhouse gas assessment permits; and

(c) at least one block of the permit area of one of the existing work-bid greenhouse gas assessment permits has a side in common with at least one block of the permit area of the other existing work-bid greenhouse gas assessment permit; and

(d) a part of a geological formation is wholly situated in the area that consists of the combination of the permit area of each of the work-bid greenhouse gas assessment permits; and

(e) the part extends to the permit area of each of the work-bid greenhouse gas assessment permits; and

(f) the person has reasonable grounds to suspect that the part could be an eligible greenhouse gas storage formation.

(2) The person may, by written notice, inform the Minister about the matter.

(3) A notice under subsection (2) is not required to set out the fundamental suitability determinants of that part.

(4) Subsection (3) has effect subject to subsections (5) and (6).

(5) A notice under subsection (2) must be accompanied by a written statement that the person has reasonable grounds to suspect that the part is suitable for the permanent storage of a specified amount of a specified greenhouse gas substance.

(6) If the person has reasonable grounds to suspect that the part could be an eligible greenhouse gas storage formation because of section 23(1)(b), a notice under subsection (2) of this section must be accompanied by a written statement describing the engineering enhancements referred to in that section.