Consultation on the Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Bill 2021

Closes 23 Apr 2021

Opened 8 Apr 2021

Overview

We are seeking stakeholder feedback and submissions on proposed amendments to the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (OPGGS Act).

The Offshore Petroleum and Greenhouse Gas Storage Amendment (Titles Administration and Other Measures) Bill 2021 (the Bill), aims to strengthen and clarify Australia’s offshore oil and gas regulatory framework.

It makes the legislative changes necessary to give effect to the enhanced framework. The Bill also gives effect to the relevant recommendations from the independent review into the circumstances leading to the administration and liquidation of Northern Oil and Gas Australia (the Walker Review).

The Bill has been developed after substantial consultation with industry, regulators and the public.

The proposed measures include :

  • oversight of changes in company control (such as through a corporate merger or acquisition)
  • an expansion of existing powers to ‘call back’ previous titleholders to decommission and remediate the environment (also known as trailing liability)
  • the inclusion of decision making criteria and expanded information gathering powers to assess suitability of companies operating in the offshore oil and gas regime
  • minor and technical amendments to improve the operation of the OPGGS Act, including enabling for electronic lodgment of applications

The consultation invites stakeholder views on the proposed amendments. We are specifically interested in how it may impact those operating in Australia’s offshore oil and gas industry.

Submit your feedback

Audiences

  • NGOs
  • Peak bodies
  • Sectoral stakeholders
  • Government stakeholders
  • Exploration and mining industry
  • Industry groups and corporations
  • Companies particating in offshore oil and gas
  • State and Territory Government Agencies
  • Offshore oil and gas industry
  • Petroleum companies
  • Unions
  • Environmental non-government organisations

Interests

  • Gas
  • Industry
  • Gas infrastructure
  • Energy and natural resources
  • Offshore petroleum exploration acreage release
  • Offshore oil and gas exploration
  • Offshore oil and gas guidance to regulatory requirements
  • Resources
  • Energy and natural resources
  • Offshore oil and gas exploration
  • Oil and gas
  • Offshore exploration
  • Petroleum
  • Offshore
  • Marine environment
  • Government/industry research collaboration