13Matters to be included in petroleum production development plan

13 Matters to be included in petroleum production development plan

(1) For the purposes of section 63(2) of the Act, a petroleum production development plan must include

(a) a description of each stage of the petroleum operation, including equipment or facilities to be used; and

(b) a description of the relevant existing geological and reservoir data and interpretations of that data; and

(c) details of proposed further data acquisition and studies to enhance geological and reservoir understanding; and

(d) a reservoir management plan that

(i) describes how the reservoir will be produced; and

(ii) provides the reasons for adopting the proposed approach; and

(iii) estimates the future petroleum to be recovered from the reservoir; and

(iv) specifies the proposed rate of recovery of petroleum.

(2) The holder of the authority must ensure that the petroleum production development plan is reviewed within 12 months after initial petroleum production and then at intervals not exceeding one year.

(3) For the purposes of subregulation (1)(d)(iv), the proposed rate of recovery of petroleum may be expressed as a range.