Document ID: chunk:federal_register_of_legislation:F2025C00011:front:0:p12
Version: federal_register_of_legislation:F2025C00011
Segment Type: other
Provision Reference: 
Character Range: 30693–33524

areal extent of the petroleum pool;
 (c) details of the geological structure in which the petroleum is located;
 (d) the results of all assessments of the discovery;
 (e) a preliminary estimate of the quantity of petroleum in the petroleum pool;
 (f) the data used to estimate the quantity of petroleum in the petroleum pool;
 (g) a preliminary estimate of the quantity of recoverable petroleum in the petroleum pool;
 (h)  details of the petroleum titleholder's plans for further evaluation of the discovery, including the work that the titleholder proposes to carry out in the title area in the next 12 months from the date of the report;
 (i) if the Titles Administrator has issued a notice to the petroleum titleholder under regulation 2.03 and the notice has not been withdrawn—the information specified in the notice.

Division 2—Greenhouse gas titleholders

2.05  Application
  This Division applies to a greenhouse gas assessment permittee, greenhouse gas holding lessee or greenhouse gas injection licensee who is required, under section 452 of the Act, to notify the responsible Commonwealth Minister of a discovery of petroleum.
Note: Section 452 of the Act applies if petroleum is discovered in a greenhouse gas assessment permit area, a greenhouse gas holding lease area or a greenhouse gas injection licence area.

2.06  Requirement to provide petroleum discovery report
 (1) A greenhouse gas titleholder commits an offence if:
 (a) the titleholder has notified the responsible Commonwealth Minister of a discovery of petroleum in accordance with section 452 of the Act; and
 (b) the titleholder does not give the Minister, within 60 days after completion of the well that resulted in the discovery, a report that includes the information mentioned in subregulation (3).
Penalty: 60 penalty units.
 (2) An offence against subregulation (1) is an offence of strict liability.
Note: For strict liability, see section 6.1 of the Criminal Code.
 (3) For subregulation (1), the information that the report must include is:
 (a) the location of the petroleum discovery in the title area; and
 (b) if any production tests have been conducted on the discovered petroleum—the results of the tests.

2.07  Information may be provided to responsible State Minister and responsible Northern Territory Minister
 (1) This regulation applies if:
 (a) petroleum is discovered in:
 (i) part of the permit area of a cross‑boundary greenhouse gas assessment permit that is in the coastal waters of a State or the coastal waters of the Northern Territory; or
 (ii) part of the lease area of a cross‑boundary greenhouse gas holding lease that is in the coastal waters of a State or the coastal waters of the Northern Territory; or
 (iii) part of the licence area of a cross‑boundary greenhouse gas injection licence that is in the coastal