Records kept by licensee
187 Records kept by licensee
A licensee (other than the holder of a production licence) is to keep up-to-date records of any exploration carried out under the licence.
A licensee (other than the holder of a production licence) is to ensure that records contain the following:details of any exploration carried out; the costs of any exploration carried out; any other details the Director requires.
The holder of a production licence must keep up-to-date records of any exploration and production activities carried out under the licence.
The holder of a geothermal production licence is to ensure that the records contain the following:the quantities of geothermal energy produced; the quantities of geothermal energy produced and sold; the sources of geothermal energy that has been produced; details of the disposal of any waste created in production activities; details of any development in relation to production activities; a breakdown of any capital expenditure; the operational costs of any exploration or production activities carried out; details of the workforce; details of exploration on the licence area, if required by the Director to keep such records; details of geothermal resources and geothermal reservoirs.
The holder of a petroleum production licence is to ensure that the records contain the following:the quantities of petroleum sold or held in stock; the quantities of petroleum produced; the sources of petroleum produced and details of any waste disposed of; details of any development in relation to production activities; a breakdown of any capital expenditure; the operational costs of any exploration or production activities carried out; details of the workforce; details of exploration on the licence area, if required by the Director to keep such records; details of petroleum resources, as determined in accordance with approved standards, and petroleum reservoirs.
This Act’s bill:Explanatory notesSecond reading speech
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