Offshore Petroleum Amendment (Greenhouse Gas Storage) Act 2008 (117 of 2008)

Schedule 1   Amendments relating to greenhouse gas storage etc.

Offshore Petroleum Act 2006

100A   After section 11

Insert:

11A Tied titles

Scope

(1) This section applies if a greenhouse gas holding lease (the greenhouse gas lease ) is granted under section 249BSI to the registered holder of a retention lease (the petroleum lease ).

Tied titles

(2) For the purposes of this Act, each of the following:

(a) the greenhouse gas lease;

(b) a greenhouse gas holding lease granted by way of renewal of the greenhouse gas lease;

(c) a greenhouse gas injection licence derived from a lease referred to in paragraph (a) or (b);

is tied to each of the following:

(d) the petroleum lease;

(e) a retention lease granted by way of renewal of the petroleum lease;

(f) a production licence derived from a lease referred to in paragraph (d) or (e).