Guidelines for calculating and paying petroleum royalties on the sale of petroleum recovered onshore and offshore in South Australia are included in the Royalties and Fees section under Investing in South Australia.
Resource industries need to recognise the important role that communities can play in development planning and operations, and the significant influence they can have on proposed developments.
The Ministerial Council on Mineral and Petroleum Resources (MCMPR) Principles for Engagement with Communities and Stakeholders sets out principles for effective liaison between the resources sector, the commmunity and stakeholders. It is intended as a guide for anyone associated with the exploration and development of mineral, coal, oil and gas resources.
Carbon dioxide capture and geological storage (CCS) is recognised as one medium term option to reduce greenhouse gas emissions into the atmosphere from stationary energy sources. CCS is new techology which is applicable to a number of industry sectors, including the coal, upstream oil and gas, and electricity generation industries.
The technology involves the combined processes of capture, transport and geological storage of CO2. The CO2 is captured at the emission site, separated from other substances, compressed into a concentrated volume, and injected into geological formations in the deep sub-surface.
In November 2005 the Ministerial Council on Mineral and Petroleum Resources (MCMPR) endorsed the Regulatory Guiding Principles for Carbon Dioxide Capture and Geological Storage (.PDF). The aim of the principles is to achieve a nationally consistent framework for CCS activities in each Australian jurisdiction.
You can find more information about carbon dioxide capture and geological storage from the Australian Government Department of Resources, Energy and Tourism (external site) or the Australian Government Department of the Environment, Water, Heritage and the Arts. (external site)