Australia offers 21 offshore exploration areas

The Australian government launched the 2017 Offshore Petroleum Exploration Acreage Release making 28 new oil and gas areas available for bidding.

The areas sit across eight basins in Commonwealth waters off the Northern Territory, Tasmania, Victoria and Western Australia coasts, and in the Territory of Ashmore and Cartier Islands.

Australian Minister for Resources and Northern Australia Matt Canavan said in a statement that the annual release will support the government’s strategy to boost domestic gas supply by exploring new potential oil and gas areas.

“There are 20 areas available for work program bidding, where petroleum companies need to submit comprehensive exploration plans, across a mixture of mature and lightly explored basins. A further area open for cash bidding is located in the highly prospective Dampier Sub-Basin of WA’s Northern Carnarvon Basin,” Canavan said.

“Following strong bidding on round 2 of the 2016 acreage release, I hope to see this momentum continue to this year’s release.”

“The Government is committed to strengthening the East Coast gas market and has released five areas that are located close to existing infrastructure and fields in the Bass Strait,” he added.

All areas in the release are supported by analysis from Geoscience Australia. They were nominated by industry, and are subject to a comprehensive assessment process including public consultation, the statement reads.

Share this article

Follow LNG World News

Posted on May 17, 2017 with tags .

Events>

<< Oct 2018 >>
MTWTFSS
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

LNG Supply, Transport & Storage South Asia Forum 2018

LNG Supply, Transport & Storage South Asia Forum 2018 will address and propagate LNG imports…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >

LNG Philippines Forum 2018

LNG’s role in the Philippines’ energy mix will only get bigger…

read more >

5th Mozambique Gas Summit & Exhibition

Following the Summit’s success in 2017, the CWC Group in partnership with ENH and with the support and participation from MIREME and INP, are delighted to invite you to the 5th edition of the Mozambique Gas Summit & Exhibition taking place at a larger venue this year, the NEW Joaquim Chissano Conference Centre in Maputo on 31 October – 2 November 2018.

Recognised as the leading strategic meeting for Mozambique’s gas industry, the event addresses the entire gas and LNG value chain bringing together Government officials with industry stakeholders for 3 highly interactive days of networking and frank discussions aiming to establish Mozambique as the next international gas hub.

More info

read more >