Offshore Petroleum and Greenhouse Gas Storage Act 2010
487Notification of discovery of petroleum in greenhouse gas assessment permit area etc.
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487 Notification of discovery of petroleum in greenhouse gas assessment permit area etc.
(1) This section applies if petroleum is discovered in—
(a) a greenhouse gas assessment permit area; or
(b) a greenhouse gas holding lease area; or
(c) a greenhouse gas injection licence area.
(2) The permittee, lessee or licensee must immediately inform the Minister of the discovery.
(3) The permittee, lessee or licensee must, within 3 days after the date of the discovery, give the Minister a written notice setting out—
(a) details of the discovery; and
(b) such other information (if any) about the discovery as is specified in the regulations.
(4) Subsections (2) and (3) do not apply if the petroleum is discovered by a petroleum exploration permittee, petroleum retention lessee or petroleum production licensee.