Recovery of petroleum on appraisal basis
57AAA Recovery of petroleum on appraisal basis
This section applies to a person who is:
a permittee; or
a retention licensee.
(2) The person may apply to the Minister for approval to recover petroleum on an appraisal basis under the relevant petroleum interest.
An application for the approval of the Minister must:
be in the approved form; and
be accompanied by the information required by the Minister; and
(c) be accompanied by a proposal for the petroleum infrastructure decommissioning security relating to any appraisal production infrastructure proposed to be used in connection with the recovery of petroleum on an appraisal basis; and
be accompanied by the prescribed fee; and
comply with any guidelines published by the Minister.
(4) The Minister may give the person a written notice requesting further information to assist the Minister to determine the application.
The Minister must not approve the application unless satisfied:
(a) that a discovery of petroleum has occurred on the permit area or retention licence area; and
(b) that extended well testing is required to determine whether the reservoir is commercially exploitable; and
(c) that petroleum recovered during extended well testing would be flared or vented if the approval were not to be granted; and
(d) that the applicant has obtained approval, consent or agreement under the Land Rights Act or the Native Title Act in relation to the sale or other beneficial use of petroleum recovered on an appraisal basis.
(6) An approval under this section is subject to conditions specified by the Minister on the grant of the approval.
(7) An approval under this section is for a period determined by the Minister.
(8) The Minister may, on the Minister's own initiative, vary a condition of an approval under this section.
(9) The Minister may, on the application of a permittee or retention licensee, vary a condition of an approval under this section.
(10) The Minister may, on the application of a permittee or retention licensee, extend the period of an approval under this section.
(11) The Minister may, by written notice to a permittee or retention licensee, cancel an approval under this section if the permittee or licensee:
(a) did not comply with a condition of the approval; or
has been issued with a notice under section 30 or 43.
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