Recordable Environmental Incident Summary

Palm Valley – Environment Management Plan

The following information has been compiled to satisfy the reporting requirements for recordable incidents under Part 3, Division 1, Regulation 35 of the
Petroleum (Environment) Regulations.
During the period 10 August to 10 November 2020 there was one recordable incident.

REGULATIONSSUMMARY OF RECORDABLE INCIDENTS UNDER SEC 35 PETROLEUM (ENVIRONMENT)

REPORTING FOR PERIOD 10/08/2020 TO10/11/2020 ENVIRONMENT MANAGEMENT PLAN – Palm Valley Gas Field QUARTERLY

Incident Actual Relevant

Effect on Relevant Additional
date Area / consequence1 Environment
Incident summary Corrective actions Environmental Regulator
location (from risk Performance
/ Time Outcome Notification
assessment) Standard
15 Palm During the morning well Minor Immediate No No n/a
September Valley – inspections an operator noticed uncontrolled environmental
- Cleaned out instrument gas lines
2020 PV6 and that the PV06 and PV07 Lower releases of harm as the gas
- Isolate and investigate internals of lower
PV7 Chamber dump valves were chemicals dissipated
8am chamber of the coalescer
open and venting gas into the and quickly into the
- Clean displacer and L2 fitting
production water tanks. hazardous atmosphere.
- Clean out lower chamber of coalescer
The operator entered the area materials
Additional
with a gas detector to
- Review the design of the PV07 lower
investigate issue, found that the
chamber dump valves
L2 level controllers displacers
were stuck. It is estimated that
1,055 sm3 of gas was vented
during the incident which is
equivalent to 0.0013 t CO2 or
0.0000001% of scope 1 and 2
emissions recorded at Palm
Valley during FY20.

1
See risk matrix
 Remote Unlikely Possible Likely Frequent

Risk Matrix Conceivable,

Event is
unlikely to
Event may Event likely to Recurring
but only in occur during occur during event during
occur during
extreme the life-span the life-span the life-span of
the life-span
Impact Type circumstances of a project of a project a project
of a project
<1% chance >10% chance of >30% chance of >60% chance
>1% chance of
Financial of occurring occurring occurring of occurring
Health and Safety Environment Community Legal Reputation within the next
occurring within
within the within the within the
AUD$ the next year
year. next year next year next year
5 or more Extensive Extensive irreversible Charges against any director or senior Multiple stakeholder groups Loss of value
fatalities or life- permanent impact impacts to the executive involving jail, substantial fine confirming coordinated action, in excess of
threatening injury on / off site or community or social or loss of right to manage the company. as reflected in media channels $20m
Extreme

/ illness or total damage to wellbeing. Long term Public inquiry – requiring considerable with significant reach and
permanent critically social unrest. resources and senior executive time. influence. Negative Cashflow High Very High Very High Very High Very High
disability. endangered Permanent damage to Loss of an asset or loss of licence to international or prolonged impact in
species, habitats, area/s of cultural operate an asset. Permanent non- national media (e.g. 2 weeks). excess of
ecosystems. significance. voluntary suspension of trading CTP $5m
securities on the ASX.
1-4 fatalities or Extensive long Extensive reversible Charges against any director, senior Multiple stakeholder groups Loss of value
life-threatening term partially impacts to the executive or senior manager involving mobilising and encouraging >$10m to
injury / illness or reversible impact community or social fines, jail or the loss of right to manage other to act, as reflected in $20m
total permanent on / off site or wellbeing. Prolonged the company. Prolonged major litigation media channels with significant
Critical

or partial damage to community outrage. – exposure to significant damages, fines reach and influence. Negative Cashflow
disability. endangered Extensive long term or costs. Suspension or restrictions to media national for 2 days or
High High High Very High Very High
impact >$1m
species, habitats, partially reversible the benefit of an asset or operate an more. to $5m
ecosystems. damage to area/s of asset. Prolonged non-voluntary
cultural significance. suspension of trading CTP securities on
impact Level

the ASX.
Injury or illness Long term Impacts to the Charges against any employee (not More than one stakeholder Loss of value
resulting in partial reversible impacts community or social described above). Non-compliance with group’s opinion or view >$2.5m to
disability, lost on / off site or to wellbeing. High levels conditions of licence to own or operate influencing other stakeholders, $10m
Serious

time or vulnerable or near of community tension. an asset or to conduct an activity. reported through media
alternative / threatened Long / medium term Litigation - exposure to damages, fines channels with some reach and Medium Medium High High High
Cashflow
restricted duties. species, habitats, partially reversible or costs. Short-term non-voluntary influence. Negative national / impact
ecosystems. damage to area/s of suspension of trading CTP securities on state media for 1 day. >$500k to
cultural significance. the ASX. $1m
Injury or illness to Medium / short- Small scale impacts to Moderate non-compliance with external A single stakeholder group Loss of value
1 or more people term impact on / the community or mandatory obligations or breach of drawing attention to an >$500k to
resulting in off site or to low social wellbeing. contractual or other legal obligations incident, issue, or approach $2.5m
Moderate

medical risk / least Isolated examples of (not described above). Litigation conveyed through local media
treatment. concern / community tension. possible. Non-compliance with internal channels. Low Medium Medium Medium Medium
Cashflow
common regional Moderate short-term controls with a moderate impact impact
species, habitats, impact to areas of >$250k to
ecosystems. cultural significance. $500k
Injury or illness Minor near source Minor community Minor non-compliance with external A person or organisation within Loss of value
requiring first aid impact on / off impact / short-term mandatory obligations or breach of a stakeholder group signalling >$250 to
to 1 or more site – readily dealt impact to areas of contractual or other legal obligations. an interest in an incident, event $500K
Minor

people, or no with. cultural significance – Non-compliance with internal controls or approach, using channels Low Low Low Medium Medium
treatment readily dealt with. with a minor impact. with limited reach or influence. Cashflow
recorded. Public concern restricted to impact >$50
local complaints. to $250k