• Specific Year
    Any

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 143 General requirements

PETROLEUM AND GAS (PRODUCTION AND SAFETY) ACT 2004 - SECT 143

General requirements

143 General requirements

(1) The proposed plan must—
(a) comply with the initial development plan requirements, as if the reference in section 139 (3) to the term sought for the lease were a reference to the remaining term, or the renewed term, of the lease; and
(b) highlight any significant changes from the current development plan for the lease; and
(c) if the current development plan has not been complied with—state the details of, and the reasons for, each noncompliance.
(2) If the effect of the proposed plan is to significantly change an activity provided for under the current development plan for the lease, the proposed plan must also state reasons for the change.
(3) Also, for a significant change that is a cessation or reduction of petroleum production, the proposed plan must include an evaluation of—
(a) petroleum production potential in the area of the lease; and
(b) market opportunities for petroleum production in the area of the lease.