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PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 138 General requirements

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 138

General requirements

138 General requirements

(1) The proposed plan must provide for each of the following—
(a) an overview of the activities proposed to be carried out under the lease or proposed lease during all of its term;
(b) for each year of the plan period—
(i) the nature and extent of activities proposed to be carried out under the lease or proposed lease during the year; and
(ii) where the activities are proposed to be carried out; and
(iii) the estimated cost of the activities;
(c) for each natural underground reservoir in the area of the lease of which the applicant is aware, each of the following—
(i) the location and a verifiable estimate of the amount of petroleum in the reservoir;
(ii) the standards and procedures used to make the estimate;
(iii) the rate and amount of production proposed from the reservoir;
(iv) approximately when the proposed production is to start;
(v) a schedule for the proposed production during the plan period;
(d) maps that show the matters mentioned in paragraphs (b) (i) and (ii) and (c)(i);
(e) any other information relevant to the development plan criteria;
(f) reasons why the plan is considered appropriate;
(g) another matter prescribed under a regulation.
(2) A regulation may impose requirements about the form of the development plan.
(3) In this section—


"year" , of the plan period, means—
(a) the period starting on the day the plan period starts and ending on the first anniversary of that day; and
(b) each subsequent period of 12 months or less during the plan period, starting on each anniversary of that day and ending on—
(i) the next anniversary of that day; or
(ii) if the plan period ends before the next anniversary—the day the plan period ends.