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.
Nominated areas for the 2021 offshore greenhouse gas storage acreage release are open for consultation. Have your say on our Consultation hub.
You can nominate areas for future acreage releases using the online form on business.gov.au.
As a guide:
Nominations are not restricted to vacant petroleum acreage. Your nomination can include graticular blocks that:
You must provide reasons for nominating an area. This is crucial in frontier areas with limited infrastructure or social licence to operate.
The government consults with other commonwealth, state and territory agencies before public consultation. The government will also consider their priorities when deciding to release acreage in an area.
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).
The government undertakes consultation before releasing nomination areas for bidding.
We seek feedback from anyone who:
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.
The RCM will invite companies to bid on release areas. The Australian Government Gazette publishes available bidding areas and due dates.
When planning your work bid, you may want to:
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 firstname.lastname@example.org.
NOPTA assesses bids against:
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.
You can find data and maps to support your nominations and bidding:
Last updated: 20 October 2021
Content ID: 69850