Acreage Release

2021 Greenhouse Gas Storage Acreage Release

The Australian Government released five offshore areas for greenhouse gas storage on 6 December 2021 inviting companies to submit work program bids for the assessment of greenhouse gas storage potential. The offshore greenhouse gas storage acreage release is part of the government’s strategy to utilise carbon storage to meet the reduced emission targets of Australia’s resources sector.

2021 Petroleum Acreage Release

The 2021 Petroleum Acreage Release comprises 21 areas located across six sedimentary basins in Commonwealth waters offshore of Western Australia, Victoria, the Ashmore and Cartier Islands, the Northern Territory and Tasmania. For information on the release areas and the basins of interest, please follow the links provided below. These pages provide petroleum geological content that has been compiled from publications related to previous acreage release and from ongoing studies carried out by Geoscience Australia. For more information on investing in offshore petroleum exploration refer to the Department of Industry, Science, Energy and Resources. Open access precompetitive geological and geophysical data is available from the National Offshore Petroleum Information Management System (NOPIMS). The newly developed Geoscience Australia Portal also hosts a range of geoscientific data that can be interrogated interactively.

2021 Petroleum Acreage Release Presentation and Paper

Other active basins

Petroleum geological content relating to prospective offshore sedimentary basins for which there is currently no Acreage Release.

2020 Acreage Release Presentation [PDF 12.7 MB]