39Requirement to have accepted field development plan

39  Requirement to have accepted field development plan

 (1) A petroleum production licensee must not recover petroleum from a petroleum pool in the licence area unless:

 (a) the recovery is on an appraisal basis; or

 (b) at the time of the recovery, the licensee has:

 (i) an accepted field development plan for a field that includes the petroleum pool; or

 (ii) permission under section 58 to recover petroleum at that time without an accepted field development plan for a field that includes the petroleum pool.

Note 1: This requirement applies to a petroleum production licensee. Recovery of petroleum in an offshore area without a petroleum production licence or other authorisation under the Act is an offence under section 160 of the Act.

Note 2: The Act also requires a petroleum production licensee to undertake the recovery operation in accordance with good oilfield practice: see section 569 of the Act.