125Requirement for daily geological report

125  Requirement for daily geological report

 (1) If a petroleum titleholder:

 (a) undertakes drilling operations in the title area on a day (an operation day); and

 (b) generates or obtains geological information on the operation day in relation to the drilling operations;

the titleholder must give the Titles Administrator a daily geological report by midday on the first business day after the operation day.

Note: This subsection is a continuing offence under section 4K of the Crimes Act 1914. See section 237 of this instrument for the maximum penalty for each day that an offence under this subsection continues.

Note: This subsection is a continuing civil penalty provision under section 93 of the Regulatory Powers Act. See section 237 of this instrument for the maximum civil penalty for each day that a contravention referred to in this subsection continues.

Definitions

 (4) In this section:

daily geological report means a report that includes the following information:

 (a) all geological information generated or obtained on the operation day;

 (b) the name of the well or borehole associated with the drilling operations;

 (c) the date of the operation day to which the report relates;

 (e) the purpose of the well (for example, development, appraisal or exploration);

 (f) a description of the work carried out on the operation day;

 (g) the water depth at the well;

 (h) the drilled depth of the well;

 (i) any other information the titleholder considers relevant.

  geological information means any of the following:

 (a) information about the lithology of formations penetrated;

 (b) details of any indication of hydrocarbons encountered;

 (c) details of the gas summary (including details of background gas or trip gas);

 (d) the estimated depth of the formation or reservoir top or tops;

 (e) if the formation or reservoir has been encountered on or before the operation day—the actual depth of the formation or reservoir top or tops;

 (f) the estimated or measured formation or reservoir pressure;

 (g) information about any testing conducted on the operation day, including a description of the equipment used to conduct the testing;

 (h) information about any surveys conducted on the operation day;

 (i) information about any samples collected on the operation day.