Unit development

In this section, the expression unit development:

  1. applies in relation to a petroleum pool (other than either of the Greater Sunrise unit reservoirs) that is partly in a particular licence area of a licensee of a petroleum production licence and partly in:
    1. the licence area of another licensee of a petroleum production licence; or
    2. an area that is not within an offshore area but in which a person other than the first mentioned licensee is lawfully entitled to carry on petroleum recovery operations from the pool; and
  2. means the carrying on of petroleum recovery operations from that pool under cooperative arrangements between the persons entitled to carry on such operations in each of those areas.

Source: Offshore Petroleum and Greenhouse Gas Storage Act 2006, Australia, amended 2012. Legislation


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