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Petroleum Acreage Release

2018 Victorian Offshore Petroleum Acreage Release Otway Basin

The Victorian Government is inviting applications for five petroleum acreage release areas 18-1(v), 18-2(v), 18-3(v), 18-4(v) and 18-5(v), within State Coastal Waters in the Otway Basin (Figure 1). These five offshore acreage release areas cover 1318 km2 and are located between Port Campbell and the South Australian border.

Location of the 2018 offshore petroleum acreage release Otway Basin

Map of Victoria showing the location of the 2018 offshore petroleum acreage release 

The five petroleum release areas are all underexplored with limited seismic acquisition and no previous exploration drilling. 18-4(v) and 18-5(v) are adjacent to existing producing gas fields in the Shipwreck Trough. This acreage is within the proven Austral 2 petroleum system and could provide exploration opportunities similar to the Halladale and Speculant gas fields, brought into production in 2016.

Applications for the five blocks are via work program bidding.

Applications close 6pm 15 February 2019 AEST

Tender details - Invitation to Tender

Applications

Potential tenderers should register on Tenders Vic

Answers to any tender questions will be published on Tenders Vic.

Application must be lodged electronically through Tenders Vic.

Contact

For further information, contact the Victorian Gas Program.

Past Acreage Releases

View information on past petroleum acreage releases.

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