Australia releases new offshore petroleum acreage

Australia announced its Offshore Petroleum Exploration Acreage Release this week, including 21 areas across eight basins.
By Staff reporter 16 May 2017 0 25925

Australia announced its Offshore Petroleum Exploration Acreage Release this week, including 21 areas across eight basins offshore Northern Australia, Western Australia, Tasmania, Victoria, and the Ashmore and Cartier Islands.

The release is a "key part of the Australian Government’s strategy to promote petroleum exploration in Australia’s offshore waters," the Department of Industry, Innovation and Science stated on its website.

The areas are in water depths of 25-4,200 metres and vary in size from 16,000 hectares to 264,500 hectares. Closing dates for bids vary from October 2017 to...

Log in or register for a free trial to continue reading this article

Already a subscriber?

If you already have a subscription, sign in to continue reading this article.

Sign in

Not a subscriber?

To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.

Sign up