191Requirement to provide discovery assessment report

191 Requirement to provide discovery assessment report

(1) A petroleum titleholder who has notified the Minister of a discovery of petroleum in accordance with section 279 of the Act must give the Minister a discovery assessment report for the title area within—

(a) 90 days after completion of the well that resulted in the discovery; or

(b) if the Minister authorises the titleholder to give the report within another period—the other period.

discovery assessment report means a report that includes the following information—

(a) the title in relation to which the discovery was made;

(b) a preliminary estimate of the location and areal extent of the petroleum pool;

(c) details of the geological structure in which the petroleum is located;

(d) the results of all assessments of the discovery;

(e) a preliminary estimate of the quantity of petroleum in the petroleum pool;

(f) the data used to estimate the quantity of petroleum in the petroleum pool;

(g) a preliminary estimate of the quantity of recoverable petroleum in the petroleum pool;

(h) details of the petroleum titleholder's plans for further evaluation of the discovery, including the work that the titleholder proposes to carry out in the title area in the next 12 months from the date of the report;

(i) if the Minister has issued a notice to the petroleum titleholder under regulation 190 and the notice has not been withdrawn—the information specified in the notice.

Division 2—Greenhouse gas titleholders