PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 109 Exploration, production and storage activities
PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 109
Exploration, production and storage activities109 Exploration, production and storage activities
(1) The lease holder may carry out the following activities in the area of the lease—(a) exploring for petroleum;(b) subject to sections 150A and 150C —(i) testing for petroleum production; and(ii) evaluating the feasibility of petroleum production; and(iii) testing natural underground reservoirs for storage of petroleum or a prescribed storage gas;(c) petroleum production;(d) evaluating, developing and using natural underground reservoirs for petroleum storage or to store prescribed storage gases, including, for example, to store petroleum or prescribed storage gases for others;(e) plugging and abandoning, or otherwise remediating, a bore or well the lease holder reasonably believes is a legacy borehole and rehabilitating the surrounding area in compliance with the requirements prescribed under a regulation.
(2) However, the holder must not carry out any of the following—(a) extraction or production of a gasification or retorting product from coal or oil shale by a chemical or thermal process;(b) exploration for coal or oil shale to carry out extraction or production mentioned in paragraph (a) ;(c) GHG stream storage.
(3) The rights under subsection (1) may be exercised only by or for the holder.Note—See also section 800 (Restriction on petroleum tenure activities).
For who may exercise the rights for the holder, see section 563 .
(4) The right to store petroleum or prescribed storage gases for others is subject to part 6 .