CANBERRA, Australia – The Minister for Resources, Energy, and Northern Australia, the Hon Josh Frydenberg MP, has announced the award of the final permits from the 2014 Offshore Petroleum Acreage Release.
Round 2 of the acreage release resulted in the award of four new exploration permits totaling $297 million (US $2.16 million) of expenditure over the next six years.
Overall, the 2014 acreage release resulted in 10 new exploration permits being awarded, securing guaranteed expenditure of $101 million (US$ 7.36 million) over the next three years and a total of $473.6 million ($3.45 million) over the six-year life of the permits.
AC/P59 (released as AC14-2), located about 750 km (466 mi) west of Darwin was awarded to Murphy Australia Oil Pty Ltd. and Mitsui E&P Australia Pty Ltd.
WA-510-P (released as W14-15), located approximately 7 km (4.3 mi) northwest of Barrow Island and 100 km (62 mi) north of Onslow, was awarded to Apache Northwest Pty Ltd.
WA-513-P (released as W14-4) located in the Caswell sub-basin 200-270 km (124-167 mi) from the northwest coast of Western Australia, was awarded to Santos Offshore Pty Ltd. and Inpex Browse E&P Pty Ltd.
WA-514-P (released as W14-5), located in the Caswell sub-basin, 200-270 km (124-167 mi) from the northwest coast of Western Australia was awarded to Santos Offshore Pty Ltd and Inpex Browse E&P Pty Ltd.
WA-515-P (released as W14-7), located on the Rankin Trend within the Dampier sub-basin around 140 km (86 mi) northwest of Dampier, was awarded to Tap Oil Ltd.
WA-516-P (released as W14-16), located close to the western edge of the Barrow sub-basin approximately 100 km (62 mi) north-northeast of Onslow, was awarded to Tap Oil Ltd.
WA-517-P (released as W14-19), located about 400 km (248 mi) east of Esperance, was awarded to Santos Offshore Pty Ltd. and JX Nippon Oil and Gas Exploration (Australia) Pty Ltd.
WA-518-P (released as W14-10), located around 250 km (155 mi) offshore of Onslow, Western Australia has been awarded to Hess Australia (Karratha) Pty Ltd.
WA-519-P (released as W14-12), located approximately 200 km (124 mi) offshore of Onslow, Western Australia has been awarded to Hess Australia (Pilbara) Pty Ltd.
WA-520-P (released as W14-17), located about 100 km (62 mi) north of Exmouth, Western Australia has been awarded to Finder No 10 Pty Ltd.
The following areas did not receive bids and have reverted to vacant acreage: NT14-1, NT14 2, NT14-3, AC14-3, AC14-4, W14-3, W14-8, W14-9, W14-11, W14-13, W14-14, W14-18, W14-20, W14-21, W14-22, and W14-23.
Areas W14-1 and W14-2 attracted one bid each; no offer of a permit was made.
Areas AC14-1, W14-1, W14-2, and W14-6 are open for bidding as a re-release areas closing on Oct. 29.