Petroleum rehabilitation security
NSW DPI policy requires a security deposit that covers the full rehabilitation costs of activities on all titles. This requirement ensures that the state does not incur financial liabilities in the event of a titleholder defaulting on their rehabilitation obligations.
The titleholder is required to provide an estimate of rehabilitation costs for NSW DPI Mineral Resources to consider when determining the security deposit amount.
NSW DPI Mineral Resources will assess and determine when rehabilitation obligations have been met and the security deposit can be released. Partial release of the security deposits may occur when successful rehabilitation has been demonstrated for part of the site.
A Rehabilitation Cost Calculation Tool is available to assist in calculating the security deposit for a site.
Guidelines
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