The release of new onshore areas to explore for new gas supply is a positive step to delivering energy security to Western Australia following forecasts of growing demand in coming years.
Acreage Releases
AusGasCo Awarded Additional Acreage in Surat and Bowen basins
Emerging Queensland natural gas explorer AusGasCo has been awarded preferred tenderer status for two prospective gas blocks in the state’s world-class natural gas region.
Greenhouse Gas Storage areas open for public consultation
The Australian Federal Government has opened public consultation on five potential areas for the 2021 Offshore Greenhouse Gas Storage Acreage Release program.
Leigh Creek lights up with two licence award in SA
Oil and gas junior Leigh Creek Energy has been awarded two exploration blocks in South Australia.
The Adelaide-based explorer told share holders that it had successfully won PEL 675 and PEL 676 by the Department of Energy and Mining. Both licences were released in last year’s Cooper Basin Acreage Release.
Planned program
Leigh Creek said it still has to secure Native Title agreements, before which planned work programs over the next five years could commence. These include 2D and...
SA announces successful applicants for acreage in Cooper and Otway Basins
The State Government of South Australia has announced the successful bids for five new Petroleum Exploration Licences (PELs) with a guaranteed work program valued at $58.85 million over the next five years.
The Department for Energy and Mining said the successful applicants for new PELs in the Cooper Basin are Leigh Creek Energy, Cordillo Energy, Gidgee Energy and Vintage Energy.
Out of the starting blocks
Minister for Energy and Mining, Dan van Holst Pellekaan said there were...
Chevron, Total win blocks offshore Brazil
Chevron and Total have been awarded blocks offshore Brazil in the country’s 16th bidding round.
The US supermajor and its partners, Wintershall Dea and Repsol, picked up acreage in the Santos and Campos basins comprising blocks S-M-766 and C-M-845, which contain pre-salt targets and a work program intended to conduct 3D seismic acquisition and prospect maturation.
French Total and co-venturers Qatar Petroleum and Petronas won the C-M-541 deep offshore block in the Campos Basin,...
Gulf of Mexico Lease Sale Yields More Than $159 Million in High Bids
United States Interior’s Deputy Assistant Secretary for Land and Minerals Management Andrea Travnicek has announced that region-wide Gulf of Mexico Lease Sale 253 generated $159,386,761 in high bids for 151 tracts covering 835,006 acres in federal waters of the Gulf of Mexico. A total of 27 companies participated in the lease sale, submitting $174,922,200 in all bids.
“We are excited about the results from today’s lease sale, which show a continued upward trend for the year. The...
Australia launches largest offshore acreage release since 2000
Australia has released 64 areas for offshore oil and gas exploration in the 2019 Offshore Petroleum Acreage Release, representing the largest rollout of acreage in 19 years.
Bidding will be open until 5 March 2020 with over 120,000km² released for a single round of work program bidding.
Australia Minister for Resources Matt Canavan said the latest release was the first under a new streamlined system designed to deliver an annual investment cycle that “simplifies bidding, offers...
APPEA Connect Series: 2019 Offshore Petroleum Acreage Release
APPEA, in collaboration with the Department of Industry, Innovation and Science will host an APPEA Connect Series Event to mark the launch of the 2019 Offshore Petroleum Exploration Acreage Release.
In an APPEA first, the session will be live-streamed around the world for participants who cannot attend in person.
This is the first release of areas under the new streamlined acreage release model. The Department will officially announce the 2019 areas, and provide a snapshot of...
Seven Australian exploration permit awards target $530 million
The Australian Government has awarded seven offshore exploration permits which it believes could yield an investment of more than $530 million over the next six years.
Minister for Resources and Northern Australia Matt Canavan said the granting of seven permits finalised the Government’s 2017 Offshore Petroleum Exploration Acreage Release.
According to the minister, strong bidding for round one of the 2018 Offshore Petroleum Exploration Acreage Release had been “encouraging” and...