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ARTICLE · 04 JUNE 2013

2013 acreage release presents petroleum opportunities

HopgoodGanim
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The Federal and Queensland Governments have released 2013 acreages for petroleum exploration and now call for tenders.

AustraliaEnergy and Natural Resources
Jonathan Fulcher
Jonathan Fulcher
Kylie Panckhurst
Kylie Panckhurst
Elizabeth Harvey
Elizabeth Harvey
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The Federal and Queensland Governments have recently released their 2013 acreages for petroleum exploration and are calling for tenders. The Federal Government is also inviting nominations for its 2014 release.

This Alert sets out the areas subject to tender and relevant deadlines for interested parties.

Federal offshore petroleum release – non-cash competitive bids

Yesterday the Federal Government announced the annual Offshore Petroleum Exploration Acreage Release, whereby 31 areas have been released in the Commonwealth waters of the Northern Territory, the Territory of Ashmore and Cartier Islands, Western Australia and Victoria.

The Offshore Petroleum Joint Authority has invited bids and applications for renewal to explore the areas under the Offshore Petroleum and Greenhouse Gas Storage Act 2006.

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