2015 Onshore Petroleum Acreage Release
Louise Goldie DivkoGeological Survey of Victoria, Department of State Development, Business and Innovation
The APPEA Journal 55(1) 113-118 https://doi.org/10.1071/AJ14009
Published: 2015
Abstract
Australian state and territory acreage opportunities and recent activities are summarised in this paper. Exploration opportunities continue to exist for petroleum explorers in onshore basins, including a number of sedimentary basins that have previously largely been overlooked, with an increased focus (and commercial success) on basin centred gas, tight gas and shale gas plays.
Access to onshore acreage in Australia for petroleum exploration is, in most jurisdictions, by means of a formal release process with a work program bidding system. Over-the-counter applications are available in some states based on perceived basin prospectivity.
Australian state and territory governments continue initiatives to encourage exploration to realise their natural resource endowments. This includes pre-competitive basin studies, cost-effective and speedy provision of digital exploration data, transparent regulatory regimes, provision of effective land access regimes, internationally competitive royalty regimes, and promotion of acreage releases nationally and internationally.
Louise Goldie Divko has a BSc (Hons) degree, a Diploma of Education, and a PhD in geology. She has worked in both the education and petroleum sectors. Louise is employed as a Senior Geologist at the Geological Survey of Victoria, where her work focuses on the energy prospectivity of Victoria’s sedimentary basins. Member: Petroleum Exploration Society of Australia (PESA Victoria/Tasmania Branch, Speaker coordinator and past president) and the American Association of Petroleum Geologists (AAPG). |
