Nominations for Western Australia’s annual petroleum exploration acreage release are now open, as part of the State Government’s commitment to promoting petroleum exploration.
Western Australian Minister for Mines and Petroleum, Bill Johnston, is inviting industry personnel to nominate areas to be considered as part of Western Australia’s 2023 petroleum exploration acreage release.
Mr Johnston said, “The petroleum sector remains a major contributor to Western Australia’s economic success, achieving record production of oil and gas valued at $52 billion in 2021-22.
“The Western Australia Government will continue to support opportunities to invest in the petroleum exploration sector to help find the next big discovery.
“We are calling for industry to get involved and help shape the future of Western Australia’s petroleum sector.”
The Western Australian Department of Mines, Industry Regulation and Safety will assess and consider submissions for the 2023 release. While the nomination of an area does not guarantee its inclusion, it may be considered for potential future release.
If a nominated area is released, there will be an expectation for the nominee to submit a bid.
The nomination period for the 2023 acreage release will close on 31 March 2023. Final areas are expected to be announced and open for bidding mid-2023.
For more information about making a nomination, visit www.dmirs.wa.gov.au/acreagenominations
