Document ID: chunk:federal_register_of_legislation:F2024C00846:clause:1_26
Version: federal_register_of_legislation:F2024C00846
Segment Type: clause
Provision Reference: sch 1 cl 26
Character Range: 207267–209276

26  Extracted oil and gas
 (1) Total gigajoules of the following products that meet the requirements of subsection (2):
 (a) unprocessed natural gas;
 (b) unstabilised crude oil and condensate.
 (2) The requirements for products to be included in subsection (1) are that the products:
 (a) consist of:
 (i) naturally occurring hydrocarbons; or
 (ii) a naturally occurring mixture of hydrocarbons and non‑hydrocarbons; and
 (b) are extracted from a naturally occurring petroleum reservoir as part of carrying on the oil and gas extraction activity at the facility; and
 (c) at the time of measurement for the production variable, have undergone minimal or partial processing that is either:
 (i) sufficient only to allow efficient transportation of the product to processing facilities; or
 (ii) less than required to be considered processed natural gas or saleable crude oil or condensate; and
 (d) are not consumed in carrying on the oil and gas extraction activity.
 (3) The metric in subsection (1) is applicable to a facility that conducts the activity of oil and gas extraction through the production of a hydrocarbon stream from a naturally occurring petroleum reservoir and either:
 (a) transports the produced stream of products covered by subsection (1) to the upstream boundary of a separate facility that conducts one or more of the following activities:
 (i) natural gas processing,
 (ii) processed or unprocessed natural gas liquefaction;
 (iii) crude oil or condensate stabilisation; or
 (b) transfers the products covered by subsection (1) to downstream processes within the same facility to produce multiple products.
 (4) The activity in subsection (3) is the oil and gas extraction activity.
 (5) The default emissions intensity is 0.000376 t CO2‑e per gigajoule of products covered by subsection (1) and (2).
 (6) The best practice emissions intensity is 0.0000360 t CO2‑e per gigajoule of products covered by subsection (1) and (2).

Division 3—Stabilisation of crude oil and condensates