MELBOURNE, Australia– Australia has launched its 2015 Offshore Petroleum Exploration Acreage Release. The release covers 29 areas over eight basins and consists of three rounds: two work programs and one cash bid round.
The Australian Department of Industry and Science also is inviting nominations of vacant offshore acreage to be considered for release in 2016. The nominations close on July 31, 2015.
The 12 areas in Work Program Round 1 are NT15-1, W15-2, AC15-1, AC15-2, AC15-3, W15-5, W15-13, W15-16, W15-17, W15-18, V15-2, and V15-3. Bids close on Oct. 29, 2015.
The Cash Bid Round includes NT15-2, W15-1, W15-9, W15-10, W15-11, and W15-12. The prequalification deadline is Oct. 15, 2015, and cash bid closure is Feb. 4, 2016.
Work Program Round 2 covers W15-3, W15-4, W15-6, W15-7, W15-8, W15-14, S15-1, V15-1, T15-1, T15-2, and T15-3, with bid close on April 21, 2016.