Proposed regulations to support the Crown Minerals (Decommissioning and Other Matters) Amendment Bill

Days left

21
open
Submissions due: 24 August 2021, 5pm

The Ministry of Business, Innovation and Employment is consulting on proposals for regulations to support the Crown Minerals (Decommissioning and Other Matters) Amendment Bill. The proposed regulations relate to the decommissioning of petroleum infrastructure and wells, and the development of a post-decommissioning fund.

What we’re asking for your feedback on

We are consulting on proposed regulations relating to 6 areas that are proposed in the Bill including:

  1. Field development plans and asset registers
  2. Monitoring ongoing financial position
  3. Assessing financial capability to decommission
  4. Financial security requirements
  5. Notification of cessation of production
  6. Post-decommissioning fund.

Full details on proposals for regulations can be found in the discussion document.

How to make a submission

The deadline for providing us with your feedback is 5pm, Tuesday 24 August 2021.

Full details of how to submit can be found in the discussion document.

Please direct any questions that you have in relation to the submissions process to resource.markets.policy@mbie.govt.nz