South Australia Otway Release acreage Block OT2017-A
BIDS CLOSE 4.00 pm Australian Central Standard Time Friday 29 September 2017
Minister for Mineral Resources and Energy, Tom Koutsantonis, has announced a new acreage release in the Otway Basin.
A new petroleum exploration licence (PEL) in the Otway Basin is being offered by the South Australian Government on the basis of work program bidding. Block OT2017-A covers 1,734.08 km2 comprising partial relinquishments from PEL 494 and full relinquishment from PEL 186. Fourteen petroleum wells have been drilled. A total of 2294.2 line kilometres of 2D and 86.9 square kilometres of 3D seismic data have been acquired within the block. The block offers a diversity of play types and the opportunity to build a portfolio of prospects and leads across the Otway Basin.
Download the OT2017-A Acreage Release Brochure and access related reports and data
Application and Award Process
Winning bidders will be selected on the basis of the total five-year work program bid. The work program must be completed within the overall area of the PEL. It must include a statement of exploratory operations the applicant proposes to carry out in the first five-year licence term. It is expected that at least one petroleum exploration well would be included in the program.
For application and awards procedures go to
Bids will be assessed using the philosophies expressed in “Selecting the winning bid” . For a review of how this process has been applied see “Shaping the Cooper Basin 21st century renaissance”. The specific scoring scheme is detailed in “OT2017-A Bid Assessment Policy ”.
In general, it is important to note that the timing of well drilling and seismic or other data acquisition will be taken into account. Key assessment criteria include:
- The number of exploration wells to be drilled in the PEL and their timing.
- The number of years the applicant is prepared to guarantee the program.
- The extent to which proposed wells are supported by existing or new programmed seismic data.
- The amount and nature of seismic surveying (i.e. 2D versus 3D) to be carried out and its timing..
- Other data acquisition (e.g. gravity, aeromagnetic or geochemical surveys).
- Seismic reprocessing to be carried out.
In addition to the above criteria, where bids are similar, the benefits of the introduction of new explorers into the area may be taken into account. In the case of cascading bids (i.e. multiple or hybrid bids by one applicant or joint venture), only the highest bid will be considered.
The Minister is expected to announce the winning bidders, together with details of work programs, by end October 2017.
Related Information and Data
Comments, inquiries and applications for exploration licences should be addressed to:
Executive Director, Energy Resources Division
Department of State Development
Level 7, 101 Grenfell Street
Adelaide SA 5000 AUSTRALIA
Phone National (08) 8463 3204 Fax National (08) 8463 3229
Phone International +61 8 8463 3204 Fax International +61 8463 3229
Web site http://www.petroleum.statedevelopment.sa.gov.au/
The envelope containing your application must be marked
‘Confidential — contains PEL application’
Closing date and time
The closing date for OT2017-A applications is
4.00 pm Australian Central Standard Time on Friday 29 September 2017