NOPSEMA regulatory policy on Section 270 – Consent to surrender title open for comment

Overview

When a titleholder submits an application to the Joint Authority (JA) for consent to surrender title, the JA will consult with NOPSEMA with respect to titleholder compliance with section 270 of the Offshore Petroleum and Greenhouse Gas Storage Act (OPPGS Act).

To assist industry in understanding what NOPSEMA takes into account when considering if it is satisfied that titleholders have complied with the relevant criteria in section 270 of the OPGGS Act, NOPSEMA have released a draft policy Section 270 – Consent to surrender title for comment.

The policy explains key information required by NOPSEMA and the principles it has adopted when advising the JA on applications to consent to surrender a title.

Interested stakeholders are strongly encouraged to review the policy and provide feedback by Tuesday, 8^th February 2022.