Three areas offshore Victoria open for petroleum exploration

The Commonwealth-Victoria Offshore Petroleum Joint Authority has announced the release of three areas for offshore petroleum exploration in Commonwealth waters in the Gippsland and Otway basins, offshore Victoria.

The Australian Government today released 29 areas for offshore petroleum exploration in eight basins in Commonwealth waters under the 2015 Offshore Petroleum Exploration Acreage Release.

Addressing the opening session at the annual Australian Petroleum Production and Exploration Association (APPEA) conference in Melbourne, Minister for Industry and Science Ian Macfarlane said “the Victorian and Australian Governments are working together to offer explorers a mix of exploration opportunities.

“This year we have exciting frontier opportunities in the Otway and Gippsland Basins which are close to infrastructure and are well connected to Australia’s east coast capital cities.”

Victorian Minister for Energy and Resources Lily D’Ambrosio said the release would provide a timely boost for exploration off Victoria.

“The Gippsland Basin has a proud history and is world renowned for its production record. The Otway has also proven to be a gas rich basin,” Lily D’Ambrosio said.

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