Commonwealth Consolidated Acts

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE ACT 2006 - SECT 290

  (1)   A greenhouse gas assessment permit authorises the permittee, in accordance with the conditions (if any) to which the permit is subject:

  (a)   to explore in the permit area for a potential greenhouse gas storage formation; and

  (b)   to explore in the permit area for a potential greenhouse gas injection site; and

  (c)   to inject, on an appraisal basis, a greenhouse gas substance into a part of a geological formation, so long as the relevant well is situated in the permit area; and

  (d)   to store, on an appraisal basis, a greenhouse gas substance in a part of a geological formation, so long as the injection of the stored greenhouse gas substance takes place at a well situated the permit area; and

  (e)   to inject, on an appraisal basis:

  (i)   air; or

  (ii)   petroleum; or

  (iii)   water;

    into a part of a geological formation for purposes in connection with the exploration authorised by paragraph   (a) or (b), so long as the relevant well is situated in the permit area; and

  (f)   to store, on an appraisal basis:

  (i)   air; or

  (ii)   petroleum; or

  (iii)   water;

    in a part of a geological formation for purposes in connection with the exploration authorised by paragraph   (a) or (b), so long as the injection of the stored air, petroleum or water takes place at a well situated in the permit area; and

  (g)   with the written consent of the responsible Commonwealth Minister, to recover petroleum in the permit area for the sole purpose of appraising a discovery of petroleum that was made as an incidental consequence of:

  (i)   the exploration authorised by paragraph   (a) or (b); or

  (ii)   the injection authorised by paragraph   (c) or (e); and

  (h)   to carry on such operations, and execute such works, in the permit area as are necessary for those purposes.

  (2)   The rights conferred on the permittee by subsection   (1) are subject to this Act and the regulations.

  (3)   If petroleum is recovered by the permittee in the permit area as authorised by paragraph   (1)(g), the petroleum does not become the property of the permittee.

  (4)   A greenhouse gas storage permit does not authorise the permittee to make a well outside the permit area.