The Australian Government is seeking industry nominations for areas that may be included in a future offshore petroleum exploration acreage release across the Gippsland and Bass basins. The nomination round is open until 19 June 2026.
The proposed release forms part of the Federal Government’s Future Gas Strategy and is intended to support future domestic gas supply by encouraging exploration in proven producing basins with existing infrastructure. With production from several mature east coast gas fields continuing to decline, the acreage release is expected to generate strong industry interest.
The Gippsland Basin is one of Australia’s most significant offshore petroleum provinces and was home to Australia's first commercial offshore petroleum discovery at Barracouta-1 in 1965.








