NSW PEL titleholders face tougher scrutiny

NSW Minister for Industry, Resources and Energy Anthony Roberts has introduced the standards in line with the NSW Gas Plan.

NSW Minister for Industry, Resources and Energy Anthony Roberts has introduced the standards in line with the NSW Gas Plan.

A minimum standards and merit assessment procedure will now apply to all titleholders of petroleum exploration licences (PEL) in New South Wales, in line with the NSW Government’s Gas Plan.

“The new higher standards, Action 8 of the NSW Gas Plan, will provide greater certainty for communities and industry,” NSW Minister for Industry, Resources and Energy Anthony Roberts said.

“The NSW Liberals and Nationals Government is committed to world’s best practice regulation of the gas industry and we are delivering.”

Titleholders seeking to renew or transfer a PEL must meet the new rules, including:

  • Minimum standards for work programs and environmental management;
  • Demonstrating high standards of technical capability and strong financial standing;
  • A clear program for effective community consultation;
  • Compliance history: and,
  • A fit and proper person test.

Titleholders who do not meet the standards will risk loosing their PELs.

Click here for more information on the minimum standards and merit assessment procedure.

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