39Annual report

39 Annual report

(1) For the purposes of section 179(c) of the Act, the holder of an authority must give the Minister a report, in respect of each financial year, setting out—

(a) any petroleum operation carried out under the authority during that year; and

(b) any new petroleum reservoir detected from the petroleum operation identified in a manner that conforms with the prevailing industry standard if reasonably possible; and

(c) test results and conclusions derived from the petroleum operation; and

(d) reports and studies relating to the petroleum operation.

Note

Under section 179 of the Act, a person who contravenes this subregulation is liable to a penalty not exceeding 60 penalty units.

(2) A report under subregulation (1) must include—

(a) details of the expenditure by the holder of the authority on each petroleum operation undertaken during the year; and

(b) the date the report was completed; and

(c) an outline of progress against the work program; and

(d) an outline of the proposed work to be completed during the year following the year to which the report relates (if any), including the estimated costs to complete the proposed work and any anticipated change in risk; and

(e) the findings and outcomes of any review undertaken during the year in relation to the operation plan, petroleum production development plan or storage development plan (if applicable); and

(f) if the authority holder's expenses or liabilities, in relation to which insurance is required to be maintained under section 171 of the Act, have changed during the year, a summary of any changes including any reasons for those changes; and

(g) a summary of any rehabilitation undertaken on land on which the petroleum operation is carried out under the authority during that year; and

(h) if the estimated total costs for rehabilitating the land on which the petroleum operation is carried out have changed during the year, details of the current estimated costs for rehabilitating the land, including any reasons for the changes; and

(i) a summary of the outcomes of any monitoring activities undertaken during the year in accordance with the operation plan, including but not limited to groundwater monitoring; and

(j) a summary of any consultation with the community and relevant persons or organisations undertaken during the year, any issues identified through that consultation, and how those issues were addressed; and

(k) a summary of actions taken to monitor, measure, eliminate or minimise hydrocarbon gas emissions from petroleum operations as far as reasonably practicable.