The Department of Industry, Science, Energy and Resources have started their reviews of the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) and the National Offshore Petroleum Titles Administrator (NOPTA).
NOPSEMA and NOPTA have operated in their current form since 2012, and it has been five years since their last reviews.
NOPSEMA regulates oil, gas and greenhouse gas activities in Commonwealth waters in Australia. It is responsible for offshore oil and gas health and safety, well integrity and environmental management; and greenhouse gas safety.
NOPTA is responsible for day-to-day administration of oil, gas and greenhouse gas titles in Commonwealth waters in Australia. It assists and advises the Joint Authorities and Commonwealth Minister, keeps title registers and manages data and information.
NOPSEMA and NOPTA are independent statutory authorities established under the Offshore Petroleum and Greenhouse Gas Storage Act 2006. The Act requires reviews their operations every five years.
The reviews come at a time of considerable change in Australia’s oil and gas industry. This is an opportunity to consider whether the key institutions that regulate and oversee the industry are operating effectively and are equipped to deal with future challenges.
An independent consultant will conduct the review and it is expected it will be completed within six months. The final report with be tabled in both houses of parliament.