Offshore Petroleum on the Federal Agenda

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Offshore Petroleum on the Federal Agenda

Offshore Petroleum Guidelines Seeking Public Comment

The Federal Department of Industry, Innovation and Science is currently seeking comment with regards to two guidelines regulating the designation and exploration of offshore petroleum. The guidelines under review are

The consultation period will close soon for both guidelines.

Although unrelated, the consultation is occurring simultaneously with the Offshore Petroleum and Greenhouse Gas Storage Amendment (Petroleum Pools and Other Measures) Bill 2016 (Cth) that is currently before Parliament. The Bill seeks to clarify state-federal arrangements for cross-jurisdictional offshore petroleum deposits. The Bill is currently before the Senate.

 

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