Division Div 1 - Petroleum (Submerged Lands) (Resource Management and Administration) Regulations 2015 - Required information: permittee

Division 1 — Required information: permittee

| 1. | A description of work and expenditure commitments as detailed in the permit. | | 2. | For all work, evaluations and studies carried out in relation to the permit — (a) the total expenditure on the work, evaluation and studies; and (b) the results of the work, evaluation and studies, including details about any leads and prospects identified. | | 3. | A list of the reports submitted to the Minister in accordance with these regulations during the year. | | 4. | For the work, evaluations and studies expected to be carried out in relation to the permit during the next year of the permit — (a) a description of work commitments and expenditure estimates; and (b) a description of the measures taken by the permittee to prepare for the work mentioned in paragraph (a). | | 5. | Any other information that is required to be included in the annual assessment report by a condition of the permit. |

Division 2 — Required information: lessee

| 6. | A description of work and expenditure commitments as detailed in the lease. | | 7. | For all work, evaluations and studies carried out in relation to the lease — (a) the total expenditure on the work, evaluation and studies; and (b) the results of the work, evaluation and studies, including details about any leads and prospects identified. | | 8. | A list of the reports submitted to the Minister in accordance with these regulations during the year. | | 9. | Details of the lessee’s plans for further evaluation of discoveries, including work that is to be carried out in the lease area. | | 10. | For the work, evaluations and studies expected to be carried out in relation to the lease during the next year of the lease — (a) a description of work commitments and expenditure estimates; and (b) a description of the measures taken by the lessee to prepare for the work mentioned in paragraph (a). | | 11. | For a year after the first year of the lease, the following information about each petroleum pool situated in the lease area — (a) a description of the pool; (b) any new information relating to the evaluation of the pool; (c) an estimate of the quantity of petroleum in the pool at the end of the previous year; (d) an estimate of the quantity of recoverable petroleum in the pool at the end of the previous year; (e) any new or revised data upon which the estimates in paragraphs (c) and (d) are based, including a report of any study carried out that has resulted in a revised estimate; (f) a table summarising the quantities mentioned in paragraphs (c) and (d) by reference to resources and reserves. | | 12. | Any other information that is required to be included in the annual assessment report by a condition of the lease. |

Division 3 — Required information: licensee

| 13. | Details of any activities the licensee plans to undertake in the licence area in compliance with a condition of the licence. | | 14. | A list of the reports submitted to the Minister in accordance with these regulations during the year. | | 15. | Details of the licensee’s plans for further evaluation of the licence area, including work that is to be carried out in the licence area and is not covered by item 1. | | 16. | A production forecast for each producing or potential development project. | | 17. | A description of any leads and prospects in the licence area. | | 18. | For a year after the first year of the licence, the following information about each petroleum pool situated in the licence area — (a) a description of the pool; (b) any new information relating to the evaluation of the pool; (c) an estimate of the quantity of petroleum in the pool at the end of the previous year; (d) an estimate of the quantity of recoverable petroleum in the pool at the end of the previous year; | | | (e) any new or revised data upon which the estimates in paragraphs (c) and (d) are based, including a report of any study carried out that has resulted in a revised estimate; (f) a table summarising the quantities mentioned in paragraphs (c) and (d) by reference to resources and reserves. | | 19. | The total amount of petroleum produced during the year. | | 20. | The amount of each substance injected into an underground formation during the year. | | 21. | The amount of each substance flared or vented during the year. | | 22. | Any other information that is required to be included in accordance with a condition of the licence. |

Div 1Required information: permittee

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