The National Offshore Petroleum Titles Administrator (NOPTA) has recently completed an internal review of its 2016-17 cost recovery implementation statement (CRIS).
The CRIS provides information on how NOPTA implements cost recovery for the administration of offshore petroleum and greenhouse gas (GHG) storage titles under:
- the Offshore Petroleum and Greenhouse Gas Storage Act 2006
- the Offshore Petroleum and Greenhouse Gas Storage (Regulatory Levies) Act 2003, and
- associated regulations.
Consultation documents
Read the draft Cost Recovery Implementation Statement (CRIS) 507KB PDF 189KB DOCX
Why we are consulting
NOPTA’s fee and levy charges were last increased on 1 July 2016. A scheduled review of NOPTA’s CRIS was intended for 2020 but was postponed by 12 months due to the prevailing COVID-19 situation.
Since this time NOPTA has managed costs internally to avoid increases to industry. While charging amounts have remained steady NOPTA’s operational costs have continued to increase. This is due to a range of factors in line with the consumer price index and contractual agreements.
On 2 September 2021, the Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Act 2021 (the Amendment Act) received Royal Assent with the new provisions expected to commence from 2 March 2022. The Amendment Act imposes new requirements on NOPTA, including a new application type relating to ‘change in control of a registered titleholder’.
Proposed amendments to the CRIS
To ensure that NOPTA can meet ongoing operational costs, NOPTA is proposing that levies and fees (including greenhouse gas) be increased by 10% from 1 January 2022, to be reviewed in 12 months.
In relation to GHG, fees have now been expanded to capture all application types. This is consistent with the approach to petroleum.