sec.22Petroleum lease—relinquishment report

sec.22 Petroleum lease—relinquishment report

This section prescribes other information for a relinquishment report for a petroleum lease for the 2004 Act , section 545 (b) and the 1923 Act , section 75Z (b) . The information is each of the following— the tenure information for the report; the general area information for the report; for each year since the lease took effect— the volume of petroleum produced under the lease from each petroleum well in the relinquished area; and the volume of water produced from each bore in the relinquished area; the geological model of the natural underground reservoirs in the relinquished area; a summary of the results of all authorised activities for the lease carried out in the relinquished area since the lease took effect and the conclusions drawn by the holder based on the results, including any identified leads and prospects; the hazard information for the report; the reason the holder has relinquished the area; any other data or information for the report required under the practice direction. s 22 amd 2020 SL No. 208 s 8 (sec.22-ssec.1) This section prescribes other information for a relinquishment report for a petroleum lease for the 2004 Act , section 545 (b) and the 1923 Act , section 75Z (b) . (sec.22-ssec.2) The information is each of the following— the tenure information for the report; the general area information for the report; for each year since the lease took effect— the volume of petroleum produced under the lease from each petroleum well in the relinquished area; and the volume of water produced from each bore in the relinquished area; the geological model of the natural underground reservoirs in the relinquished area; a summary of the results of all authorised activities for the lease carried out in the relinquished area since the lease took effect and the conclusions drawn by the holder based on the results, including any identified leads and prospects; the hazard information for the report; the reason the holder has relinquished the area; any other data or information for the report required under the practice direction.

• (a) the tenure information for the report;
• (b) the general area information for the report;
• (c) for each year since the lease took effect— (i) the volume of petroleum produced under the lease from each petroleum well in the relinquished area; and (ii) the volume of water produced from each bore in the relinquished area;
• (i) the volume of petroleum produced under the lease from each petroleum well in the relinquished area; and
• (ii) the volume of water produced from each bore in the relinquished area;
• (d) the geological model of the natural underground reservoirs in the relinquished area;
• (e) a summary of the results of all authorised activities for the lease carried out in the relinquished area since the lease took effect and the conclusions drawn by the holder based on the results, including any identified leads and prospects;