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Acquire acreage in WA through online applications for the 2016 work program bid round. Explore opportunities in Onshore Canning Basin and Officer Basin. Benefit from cash injections and new ideas. Release areas available. Visit the DMP website for detailed information.
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2016 WESTERN AUSTRALIAN STATE ACREAGE RELEASE EAGE 30 May - 2 June 2016, Vienna Author: Richard Bruce Petroleum Division Department of Mines and Petroleum
Outline • Acquire WA acreage • Apply online only • 2016 work program bid round • Onshore Canning Basin • Onshore Officer Basin • Assessment guidelines updated • Further information
to acquire Acreage Work program bidding for release areas • Release 1 of 2016 Other methods • Farmin to existing titles • a number of companies could benefit by cash injections and new ideas to accelerate their work programs, in exchange for some equity • www.dmp.wa.gov.au/petop for maps/companies. • “Over the counter” – Special Prospecting Authority with an Acreage Option. Search on DMP website. • Company takeover – may be subject to Foreign Investment Review Board review
PETROLEUM ROUND 1 OF 2016 Release 13 September 2016, bids close 9 March 2017 APPLY ONLINE only www.dmp.wa.gov.au/acreage_release • 14 areas • 6 Canning Basin • Lennard Shelf • L16-1 & L16-2 • 4240 km2 & 4392 km2 • Platforms • L14-3 to L14-6 • 1770 km2 to 2407 km2 • 8 SE Officer Basin • L16-3 to L16-10 • 5054 km2 to 8129 km2
Canning Basin Lennard Shelf L16-1, L16-2
Canning Basin platform areas L14-3, 4, 5 & 6
Basement depth from gravity data L16-3 to L16-10
Further information For details such as • Release area and basin prospectivity reports • Petroleum data availability • Titles regime, updated bid assessment guidelines • Land access, native title and environment • Fiscal aspects • Other information Visit • www.dmp.wa.gov.au/acreage_release Contact • petroleum.acreage@dmp.wa.gov.au