🇦🇺Australia

Project Delay from EIA Approvals

2 verified sources

Definition

Approval processes include public scrutiny and risk assessments to ALARP, halting revenue-generating activities until compliance.

Key Findings

  • Financial Impact: AUD 100,000-1M/month per delayed offshore project (idle equipment, lost production)
  • Frequency: Per project lifecycle stage
  • Root Cause: Sequential manual submissions (OPP then Environment Plan), public comment integration, iterative NOPSEMA reviews

Why This Matters

The Pitch: Oil extraction companies in Australia 🇦🇺 lose AUD 1M+ monthly from EIA approval delays. Automated reporting accelerates approvals by 30%.

Affected Stakeholders

Operations Managers, Finance Controllers, Titleholders

Deep Analysis (Premium)

Financial Impact

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Current Workarounds

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Methodology & Sources

Data collected via OSINT from regulatory filings, industry audits, and verified case studies.

Evidence Sources:

Related Business Risks

Environmental Non-Compliance Fines

AUD 10,000+ fines per breach (typical statutory minimum for environmental regulation violations); project delays costing AUD 50,000+/month in idle rigs.

EIA Preparation Cost Overruns

AUD 100,000-500,000 per EIA (consultant fees, 3-6 months delay at AUD 20,000+/week opportunity cost)

Work Program Non-Compliance

AUD 500,000-2M per unmet key object (e.g., exploratory well costs)

Permit Application Delays

AUD 100,000+ per month in idle rig costs during 3-month approval delays

Idle Drilling Equipment

AUD 50,000-200,000 per day in idle equipment costs during approval waits

Cost Overruns in Equipment Procurement

AUD 100,000 - 1M+ per project in overruns from inefficient sourcing and rush procurement

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