Policies

The Department of State Development's Energy Resources Division provides policy documents to assist companies in understanding the licence process and requirements to ensure compliance with the Petroleum and Geothermal Energy Act 2000.

The following policy documents are available:

Petroleum and Geothermal Energy Act Compliance Policy (2012 version) (.PDF - 507KB)
The policy that will be pursued to ensure compliance with various key requirements of the Petroleum and Geothermal Energy Act 2000, the Petroleum and Geothermal Energy Regulations 2000, licence conditions and Statements of Environmental Objectives.

Security lodgement (.PDF) 83 KB
The policy for and amount of security lodgement required as a deposit against the potential failure to meet obligations arising under the licence.

Petroleum Exploration Licence (PEL) bid assessment (.PDF) 28KB
Outlines the methodology to be used for bid assessments and work program valuations.

Petroleum Exploration Licence (PEL) Renewals (.PDF) 7KB
PEL licence renewal will be considered a right earned by licensees who fulfil the initial five year work program. This policy outlines requirements that need to be met for licence renewal.

Petroleum Exploration Licence (PEL) Suspensions (.PDF) 7KB
PEL licences may be suspended with the agreement of the licensee and the Department of State Development. This document outlines the circumstances under which suspensions may be agreed by Department of State Development.  

Petroleum Exploration Licence (PEL) Variations (.PDF) 7KB
This policy outlines the circumstances under which variations to work programs might be agreed by Department of State Development.

Credit of work program wells where prospects cross licence boundaries (.PDF) 9KB
The Department of State Development may approve cross licence boundary prospects. This policy outlines the conditions under which such approval may be granted.