Document ID: chunk:federal_register_of_legislation:C2024C00828:section:171:p1
Version: federal_register_of_legislation:C2024C00828
Segment Type: section
Provision Reference: s 171 (pt 1/3)
Character Range: 427386–430142

171  Offer document
 (1) If:
 (a) an application for the grant of a petroleum production licence has been made under:
 (i) section 168 or 170; or
 (ii) clause 2 or 4 of Schedule 4; and
 (b) the Joint Authority is satisfied that the area comprised in the block, or any one or more of the blocks, specified in the application contains petroleum; and
 (ba) the Joint Authority is satisfied that the technical advice and financial resources available to the applicant are sufficient to:
 (i) carry out the operations and works that will be authorised by the licence; and
 (ii) discharge the obligations that will be imposed under this Act, or a legislative instrument under this Act, in relation to the licence; and
 (c) in the case of an application for a Greater Sunrise unit reservoir petroleum production licence—section 172 has been complied with; and
 (d) in a case where (assuming that the applicant were granted a petroleum production licence over the block or blocks as to which the Joint Authority is satisfied as mentioned in paragraph (b)) the petroleum production licence would be a post‑commencement petroleum production licence, and:
 (i) the Joint Authority is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production licence will have a significant adverse impact on operations that are being, or could be, carried on under a greenhouse gas assessment permit or a greenhouse gas holding lease; or
 (ii) if one or more identified greenhouse gas storage formations are wholly situated in the permit area of a greenhouse gas assessment permit or the lease area of a greenhouse gas holding lease—the Joint Authority is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production licence will have a significant adverse impact on operations that could be carried on under a future greenhouse gas injection licence, where the identified greenhouse gas storage formation, or any of the identified greenhouse gas storage formations, is wholly situated in the licence area of the future greenhouse gas injection licence;
  the Joint Authority is satisfied that it is in the public interest for the petroleum production licence to be granted to the applicant; and
 (e) in a case where:
 (i) (assuming that the applicant were granted a petroleum production licence over the block or blocks as to which the Joint Authority is so satisfied as mentioned in paragraph (b)) the petroleum production licence would be a post‑commencement petroleum production licence; and
 (ii) the Joint Authority is satisfied that there is a significant risk that any of the operations that could be carried on under the petroleum production