Australia Announces 2021 Offshore Petroleum Exploration Acreage Release

Source: 6/15/2021, Location: Not categorized

Bidding is now open for the 2021 Offshore Petroleum Exploration Acreage Release. Companies have the opportunity to bid on release areas until 3 March 2022.

The acreage release comprises 21 areas across 6 basins offshore:

- Bonaparte

- Browse

- Carnarvon

- Otway

- Sorell

- Gippsland.

All areas in this release are based on industry nominations and public consultation. They are all available for work-program bidding.

The annual acreage release is crucial to the Australian Government's gas-fired recovery plan. Continued exploration ensures we can provide reliable and affordable energy for the future.

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