OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 2.03 Titles Administrator may request information to be included in discovery assessment report

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 2.03

  (1)   The Titles Administrator may, within 7   days after being notified by a petroleum titleholder of a discovery of petroleum under   section   284 of the Act, ask the titleholder in writing to include additional information about the discovery in the titleholder's discovery assessment report under   regulation   2.04.

Note:   Section   284 of the Act requires notification of a discovery within 30   days after completion of the discovery well.   Regulation   2.04 requires a further report about the discovery within 90   days after completion of the discovery well.

  (2)   The request must specify the information sought and the reasons for the request.

  (3)   After receiving the request, the titleholder may give the Titles Administrator a written statement that:

  (a)   the information is not within the titleholder's knowledge; or

  (b)   the titleholder is unable to obtain the information.

  (4)   If the Titles Administrator is satisfied (whether or not because of a statement under subregulation   (3)) that the titleholder cannot comply with the request because:

  (a)   the information is not within the titleholder's knowledge; or

  (b)   the titleholder is unable to obtain the information;

the Titles Administrator must, as soon as practicable, give the titleholder a notice in writing withdrawing the request.