Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2025
29Information to be provided in annual title assessment report—greenhouse gas assessment permit
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29 Information to be provided in annual title assessment report—greenhouse gas assessment permit
(1) For the purposes of paragraph 25(2)(d), this section sets out the requirements for a greenhouse gas assessment permittee’s annual title assessment report, for a reporting period for the permit.
(a) if the permit is subject to a condition requiring the permittee to carry out work in, or in relation to, the permit area:
(iii) the total expenditure incurred for the work from the time the permit was granted until the end of the reporting period;
(b) for each activity not covered by paragraph (a) that the permittee carried out in, or in relation to, the permit area during the reporting period:
(iii) the total expenditure incurred for the activity from the time the permit was granted until the end of the reporting period;
(c) a description of the results of the work and activities carried out in, or in relation to, the permit area, including:
(i) details about any potential or eligible greenhouse gas formations in the permit area; and
(ii) estimates of the storage resources for each of those potential or eligible greenhouse gas formations; and
(iii) details about any potential greenhouse gas injection sites in the permit area;
(d) details of any new information that the permittee became aware of during the reporting period in relation to any identified greenhouse gas storage formations in the permit area for which a declaration under section 312 or 312A of the Act is in force;
(e) a description of each activity, and the estimated expenditure for each activity, that the permittee intends to carry out in later reporting periods for the permit (or any other period during which the permit is in force);
(f) a description of the measures taken by the permittee to prepare for the activities that the permittee intends to carry out in the next reporting period for the permit (if any);
(g) details of the permittee’s future plans or proposals in relation to any wells that have been drilled in the permit area from the time the permit was granted until the end of the reporting period;
(h) if the permit is subject to a condition requiring the permittee to maintain insurance—details of the insurance the permittee maintains in compliance with that condition;
(i) details of any security that is taken to be in force in relation to the permit under section 31 of the Act, including the form and the amount of the security;
(j) any other information that is required to be included in the annual title assessment report by a condition of the permit;
(k) a list of the reports submitted to the responsible Commonwealth Minister in accordance with this instrument during the reporting period.