The annual Offshore Petroleum Exploration Acreage Release 2020 was announced on August 26 2020 in which 42 release areas are available for offshore oil and gas exploration. The areas available are offshore of the Northern Territory, Western Australia, Victoria and the Ashmore and Cartier Islands. Bidding on these areas is open until Tuesday 1 June 2021.
The North West Shelf is the Australian explorer’s playground with recent discoveries having changed the perception of oil prospectivity in the region. The discoveries have reinstated that the area remains underexplored and still holds a great deal of potential. Several play zones that had been previously overlooked in the lower Triassic have now been highlighted with recent seismic acquisition and modern imaging.
The North West Shelf is Searcher’s backyard with extensive coverage and years of experience within the region. Searcher’s data library provides explorers with modern seismic and geoscience datasets that will help support them in more successful drilling programs.