200Information to be provided in annual title assessment report—petroleum production licence

200 Information to be provided in annual title assessment report—petroleum production licence

(1) For the purposes of regulation 195, the required information from a petroleum production licensee is—

(a) details of any activities the licensee plans to undertake in the licence area in compliance with a condition of the licence; and

(b) a list of the reports submitted to the Minister in accordance with this Chapter during the year; and

(c) details of the licensee's plans for further evaluation of the licence area, including work that is to be carried out in the licence area and is not covered by paragraph (a); and

(d) a production forecast for each producing or potential development project; and

(e) a description of any leads and prospects in the licence area; and

(f) in the case of a report for a year after the first year of the licence—the following information about each petroleum pool situated in the licence—

(i) a description of the pool;

(ii) any new information relating to the evaluation of the pool;

(iii) an estimate of the quantity of petroleum in the pool at the end of the previous year;

(iv) an estimate of recoverable petroleum in the pool at the end of the previous year;

(v) any new or revised data upon which the estimates in subparagraphs (iii) and (iv) are based, including a report of any study carried out that has resulted in a revised estimate;

(vi) a table summarising the resource and reserve quantities mentioned in subparagraphs (iii) and (iv); and

(g) the total amount of petroleum produced during the year; and

(h) the amount of each substance injected into a reservoir during the year; and

(i) the amount of each substance flared or vented during the year; and

(j) any other information that is required to be included in accordance with a condition of the petroleum production licence.

(2) An annual title assessment report may include any other information that the licensee believes is relevant to the petroleum production licence.