Australia Launches Petroleum Exploration Acreage and areas to be explored

Australia Launches Petroleum Exploration Acreage and areas to be explored

The Australian Government on Thursday launched the 2016 Offshore Petroleum Exploration Acreage Release making 28 new areas available for bidding in Commonwealth waters offshore from Western Australia and the Territory of Ashmore and Cartier Islands.

The 2016 acreage release comprises 28 areas located across five basins, Bonaparte, Browse, Offshore Canning Basin, Roebuck, and Northern Carnarvon Basin.

According to a statement by Minister for Resources and Northern Australia, Senator Matt Canavan, launching this Acreage Release is a priority for the Australian Government as the oil and gas industry is of high importance to the Australian economy.

Offshore extraction of gas will help Australia become the world’s leading exporter of LNG in coming years, Canavan said.

Nominations from industry for this year’s release were heavily concentrated in the north-west.

Senator Canavan added: “As Minister for Resources and Northern Australia I am pleased to see continued momentum for exploration in our north and the opportunities for boosting jobs and economic growth this presents.”

All areas in the 2016 acreage release were released for public consultation in February 2016 and they are based on industry nominations. Release areas are located in a range of water depths and vary in size and level of existing geological knowledge.

The acreage is available through the usual combination of work-program rounds and a cash bid auction.

Culled from Offshore Energy Today

Related News: Atkins to collaborate with Chevron to provide Engineering service in Australia

Atkins has been awarded a contract with Chevron Australia to provide engineering support services for the oil and gas major’s Western Australian-based assets.

Atkins noted that the agreement includes provision of a range of onshore and offshore engineering services to support Chevron’s assets.

Atkins’ Perth-based team of more than 50 expert oil and gas engineers is supported by global oil and gas teams in the UK and Houston, Texas, the company said.

Nick Wells, operations director of Atkins’ oil and gas Asia Pacific business, said: “We are looking forward to delivering innovative work across the lifecycle of Chevron’s assets covered in this agreement. Our decade of experience in the Australian oil and gas sector puts us in an ideal position to support our clients in this region.”

The contract builds on Atkins’s portfolio of work in the Australia region including the Ichthys LNG project, offshore Western Australia, as well as other recent wins for Atkins’s global oil and gas business including a framework agreement with GDF Suez covering the full lifecycle of consultancy services, and a multi-disciplinary pre-FEED decommissioning contract with Centrica Energy.

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