We have extended the closing date for this consultation to 30 June. The original closing date was 11 June.
Overview
We are consulting on the proposed changes to the data management and reporting provisions in the Offshore Petroleum and Greenhouse Gas Storage (Resource Management and Administration) Regulations 2011 (RMA Regulations).
A review of the data management, transparency and reporting regulations found some provisions are outdated, inconsistent and difficult to understand.
In response, the department proposes to revise the data management and reporting regulations relating to information submission requirements and release timeframes.
Proposed changes
The proposed revisions to the regulations are intended to create consistency, clarify and streamline the data management provisions.
The purpose is to ensure the regulations:
operate effectively and efficiently
reflect community expectations for increased transparency in offshore resources management
allow for enhanced understanding of those resources.
The consultation paper provides information on:
consolidating petroleum and greenhouse gas data management provisions
modernising prescribed data format and media submission requirements
clarifying reporting requirements for well activities
updating sample submission, reporting and retention requirements
clarifying submission requirements for reprocessed, non-exclusive and seismic data
reducing the confidentiality period for non-exclusive seismic data from 15 years to 10 years
streamlining release timeframes for other disclosable information.
The proposed changes to regulations aim to ensure they remain fit for purpose and respond to changes in the industry and operating environment.