The annual offshore petroleum exploration acreage release is part of the government’s strategy to promote offshore oil and gas exploration. Each year, the government invites companies to bid for the opportunity to invest in oil and gas exploration in Australian Commonwealth waters.
Australia is a low risk environment to invest and do business, our competitive position is based on:
Australia offers oil and gas explorers:
The 2021 acreage release is now open. Bidding on these areas closes on Thursday 3 March 2022.
We consulted on areas for inclusion as part of the acreage release process. View feedback from stakeholders on our Consultation hub or learn more about the nomination process for future releases.
Subscribe to the Australian Petroleum News for exploration acreage investment opportunities.
Bidding for the 2020 acreage release is being assessed.
See past acreage releases on the Australian Government Web Archive:
Last updated: 12 July 2021
Content ID: 46909