253Authorisation of petroleum production licensee

253 Authorisation of petroleum production licensee

For the purposes of section 150(3) of the Act, a petroleum production licensee is authorised in accordance with the conditions (if any) to which the licence is subject—

(a) to explore in the licence area for a potential greenhouse gas storage formation; and

(b) to explore in the licence area for a potential greenhouse gas injection site; and

(c) to carry out such operations and execute such works in the licence area as are necessary for those purposes.

Part 5.7—Data management—petroleum titleholders

Division 1—Requirements for keeping information

254 Purpose of Division

The purpose of this Division is to set out requirements in accordance with section 721(1)(a) of the Act for and in relation to petroleum titleholders keeping accounts, records and other documents in connection with operations in the offshore area.