Australian Government’s 2018 Offshore Petroleum Exploration Acreage Release
Tuesday 15 May 2018
The Australian Government’s annual Offshore Petroleum Exploration Acreage Release (acreage release) is a key part of the Australian Government's strategy to promote petroleum exploration in Australia’s offshore waters. The acreage release provides explorers with new offshore areas the government has made available for either work program or cash bidding. It enables industry to undertake longer term planning to support the ongoing investment in, and development of, Australia’s offshore petroleum exploration industry.