Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2025
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Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2025
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59 Requirement to obtain recovery rate approval
(1) A petroleum production licensee must not recover petroleum from a petroleum pool in the licence area unless either or both of the following apply:
(a) the rate, or a range of rates, of recovery of petroleum from the pool has been approved by the Joint Authority under section 60;
(b) the rate of recovery of petroleum from the pool is subject to a direction under section 190 of the Act.
Note: The Joint Authority may direct a petroleum production licensee to take all necessary and practicable steps to increase or reduce the rate at which petroleum is being recovered in the licence area: see section 190 of the Act.