Bidding is now open for the 2020 Offshore Petroleum Exploration Acreage Release. Companies have the opportunity to bid on release areas until Tuesday 1 June 2021.
The acreage release comprises 42 areas across 5 basins offshore:
All areas are available for work-program bidding.
This year’s release is dominated by areas in established oil and gas provinces with existing infrastructure. This ensures we can continue to deliver long-term energy supply for all Australians into the future.
The resources sector is a key part of our economy and is well positioned to help the Australian economy recover from the pandemic.
Geoscience Australia partnered with us to provide geological information to support this release.