Offshore Petroleum and Greenhouse Gas Storage Regulations 2021
220Application for approval of rate of recovery from pool in licence area
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220 Application for approval of rate of recovery from pool in licence area
(1) This regulation applies if a petroleum production licensee applies to the Minister for written approval of the rate of recovery of petroleum from a petroleum pool in a licence area.
(2) The Minister must not approve the application unless the application includes the following information—
(a) the proposed rate of recovery of petroleum from the pool;
(b) the past performance (if any) and a prediction of future performance of production wells in the licence area;
(c) an estimate of the ultimate recovery from the pool.
(3) In making a decision about the rate of recovery of petroleum from the pool, the Minister must ensure that the rate is consistent with the accepted field development plan for the field that includes the pool.
Division 8—Requirement to notify significant event