New acreage release for oil and gas exploration

acreage release

Applications and submissions for an exploration permit are now invited over two areas in the southern Georgina Basin, on the Northern Territory/Queensland border. Interested companies can now lodge a competitive bid process with the Territory Government.

Previous exploration work over the area includes 2D seismic surveys and thirteen exploration wells, some of which have undergone hydraulic fracture stimulation and testing.

The competitive bid process is open from 16 June 2021 for a period of 5 months. The Minister for Mining and Industry will consider the applications and submissions and determine what areas, if any, will be made available for the granting of an exploration permit application.

NTGS have compiled a comprehensive listing of petroleum geoscience data and reports for the Georgina Basin.

More information about the acreage release, including maps of the area, are available at https://industry.nt.gov.au/industries/mining-and-energy/petroleum-acreage-releases