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Offshore greenhouse gas storage acreage release process
The Australian Government releases offshore areas for greenhouse gas storage.
The acreage release enables companies to apply for a greenhouse gas storage assessment permit over an area of interest.
Nominating areas for future exploration
The government has opened nominations for the 2021 offshore greenhouse gas storage acreage release. Nominate an area using the online form on business.gov.au.
Nominations close on Wednesday 14 July 2021. We may consider submissions after this date for future releases.
As a guide:
- Your nomination must indicate:
- a strong interest in exploring the area
- that you will be bidding in the next scheduled acreage release.
- You must include details about any potential sources of greenhouse gas for storage purposes.
- You must nominate areas separately if they do not share a border.
Nominations are not restricted to vacant petroleum acreage. Your nomination can include graticular blocks that:
- overlap active petroleum titles
- cross offshore state boundaries (but do not enter state waters within 3 nautical miles from the shoreline).
You must provide reasons for nominating an area. This is crucial in frontier areas with limited infrastructure or social licence to operate.
The government will also consider their priorities when deciding to release acreage in an area.
Greenhouse gas storage formations
Nominations must include any identified storage prospects.
The entire proposed storage formation needs to fall wholly within the nominated area. This is in line with the legislative definition of a greenhouse gas storage formation. Greenhouse gas storage formations that are partially outside an active greenhouse gas title cannot be declared under the Offshore Petroleum and Greenhouse Gas Storage Act 2006 (the Act).
Release area consultations
The government undertakes consultation before releasing nomination areas for bidding.
We seek feedback from anyone who:
- has an interest in a specific release area
- can provide information relevant to potential storage formation exploration and appraisal in that area.
- government agencies
- community members
- conservation groups
- native title holders
- the Australian public
- other marine users, like the following industries:
Subscribe to the Australian Petroleum News for upcoming consultations.
The responsible Commonwealth Minister (RCM) for greenhouse gas must consider and endorse release areas before they can progress to the bidding rounds.
Bidding for greenhouse gas assessment permits
The RCM will invite companies to bid on release areas. The Australian Government Gazette publishes available bidding areas and due dates.
Planning your work bid
When planning your work bid, you may want to:
- Find all offshore titles, instruments and work program activities in the National Electronic Approvals Tracking System (NEATS). Find out how to use the NEATS portal.
- Consider comments provided by the public and other marine users during the consultation phase.
- Find bidding criteria and information about how to apply in the greenhouse gas storage guidelines on the National Offshore Petroleum Titles Administrator (NOPTA) website.
- Assess Geoscience Australia’s interactive maps for the correct map sheet references and graticular blocks.
- Assess geological information about Australia’s offshore basins on the Geoscience Australia website.
Applying as a foreign investor
If you’re a foreign investor, you should familiarise yourself with Australia’s foreign investment framework. Failure to comply with the law may result in penalties.
You’re responsible for obtaining any relevant Foreign Investment Review Board (FIRB) approvals.
You must submit evidence of your FIRB approval with your application to NOPTA. If your FIRB approval is pending, provide evidence of this to NOPTA with your application.
NOPTA will not offer greenhouse gas storage assessment permits until they receive the required FIRB approvals.
Email general enquiries to email@example.com.
Assessing work bids
NOPTA assesses bids against:
- application criteria in the Offshore Petroleum and Greenhouse Gas Storage Act 2006
- requirements in the Australian Government Gazette Notice invitations to bid
- expectations in the greenhouse gas storage guidelines.
NOPTA provides technical advice to the RCM to help them decide which bids are successful.
NOPTA offers successful bidders an offshore greenhouse gas assessment permit on behalf of the RCM. Successful bidders can renew their 6-year title for 2 further periods of 3 years each.
Data and maps
You can find data and maps to support your nominations and bidding:
- Search seismic survey data and well data on Geoscience Australia’s petroleum data repository.
- Use NOPTA’s interactive map on the NEATS public portal.
- Find all Australian offshore petroleum wells and seismic surveys on the National Offshore Petroleum Information Management System (NOPIMS) website.
- Find spatial context with other marine, coastal and regional geological data on Geoscience Australia’s marine and coastal interactive maps.
- Learn more about how we regulate offshore greenhouse gas storage in Australian Commonwealth waters
Connect with us
- Subscribe to Australian Petroleum News for information on acreage bidding rounds
Last updated: 12 July 2021
Content ID: 69850