Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) A petroleum production licence authorises the licensee, in accordance with the conditions (if any) to which the licence is subject:
(a) to recover petroleum in the licence area; and
(b) to recover petroleum from the licence area in another area to which the licensee has lawful access for that purpose; and
(c) to explore for petroleum in the licence area; and
(d) to carry on such operations, and execute such works, in the licence area as are necessary for those purposes.
(2) Express references in this Act to the injection or storage of a substance do not imply that subsection (1) does not operate so as to authorise the licensee:
(a) to carry on operations to inject a substance into the seabed or subsoil of an offshore area; or
(b) to carry on operations to store (whether on a permanent basis or otherwise) a substance in the seabed or subsoil of an offshore area.
(3) The regulations may provide that a petroleum production licence authorises the licensee, in accordance with the conditions (if any) to which the licence is subject:
(a) to explore in the licence area for a potential greenhouse gas storage formation; and
(b) to explore in the licence area for a potential greenhouse gas injection site; and
(c) to carry on such operations, and execute such works, in the licence area as are necessary for those purposes.
(4) The regulations may provide that, if:
(a) petroleum is recovered in the licence area of a petroleum production licence (the first licence ); and
(b) operations for the recovery or processing of the petroleum are carried on using a facility located in the licence area of another petroleum production licence (the second licence ); and
(c) a prescribed substance (which may be a hydrocarbon) is recovered as an incidental consequence of the recovery of the petroleum;
the second licence authorises the licensee of the second licence, in accordance with the conditions (if any) to which the second licence is subject:
(d) to inject the substance into the seabed or subsoil of the licence area of the second licence; and
(e) to store (whether on a permanent basis or otherwise) the substance in the seabed or subsoil of the licence area of the second licence; and
(f) to carry on such operations, and execute such works, in the licence area of the second licence as are necessary for those purposes.
(5) Subsections (3) and (4) do not limit subsection (1).
(6) The rights conferred on the licensee by or under subsection (1), (3) or (4) are subject to this Act and the regulations.