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OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 5.13 Revision at end of each 5 year period

OFFSHORE PETROLEUM AND GREENHOUSE GAS STORAGE (RESOURCE MANAGEMENT AND ADMINISTRATION) REGULATIONS 2011 - REG 5.13

Revision at end of each 5 year period

  (1)   A titleholder must submit to the Regulator a proposed revision of the well operations management plan that is in force for a well in the title area at least 14 days before the end of the period of 5 years that begins on the latest of the following days:

  (a)   the day the Regulator first accepts the well operations management plan;

  (b)   a day the Regulator accepts a proposed revision of the well operations management plan submitted under this regulation;

  (d)   a day notified by the Regulator under subregulation   (2).

  (2)   For paragraph   (1)(d), if the Regulator accepts a proposed revision of a well operations management plan that was submitted under regulation   5.10 or 5.11, the Regulator may notify the titleholder that the period of 5 years mentioned in subregulation   (1) starts on the day specified in the notice.