CO2010 Acreage Release **Winners Announced**

WHAT'S NEW

NEWS RELEASE: Monday 11 April 2011
Petroleum Licences Granted in Cooper Basin

Minister for Mineral Resources Development, Tom Koutsantonis, announced the successful bidders for three new Petroleum Exploration Licences within the Cooper Basin in the State's northeast.

Read the new release

The Petroleum and Geothermal Energy Act 2000 was proclaimed on 1 October 2009. This new legislation has enabled Petroleum Exploration Licences (PELs) resulting from the the CO2010 acreage release to have two renewal terms (under the previous legislation only one term was possible). PELs resulting from the CO2010 acreage release will include petroleum exploration rights but will not include geothermal and gas storage rights.    

2010 Cooper Basin Petroleum Exploration Acreage Release (NOW CLOSED)

Three new petroleum exploration licences (PEL) in the Cooper and Eromanga Basins are being offered by the South Australian Government in 2010 on the basis of work program bidding. 

Block
 Area km2 Exploration wells
 2D Seismic (km)
CO2010-A
 3658
 -
 811
CO2010-B 2522
 -
 1047
CO2010-C
 2399
 2
 5833
 

The final areas can be viewed in the CO2010 Acreage Release map (.PDF - 100 KB) while press releases regarding the acreage release can be found on the Minister's media webpage.

Bidding closes at 4.00 pm on Thursday 10 March 2011, Australian Central Standard Time.

To download the Acreage Release Areas

Visit SARIG for the latest updated release areas and to download the Arcview shape files, MapInfo TAB files or Google Earth kmz dataset.

In SARIG go to Map Data and ensure you have chosen the 'Petroleum Tenement' layer. Select 'Petroleum Public Calls (Gazettal acreage)' from the 'Petroleum Exploration Tenements' layer.

Applications

Applications may be made for either or all of the three areas, CO2010-A, B and C. Licences are offered on the basis of the most competitive five-year work program. In the event that more than one area is offered to an applicant, there is no obligation for the applicant to accept any or all of the offers. It should be noted that there are no criteria limiting the number of exploration licences that may be offered to one applicant. 

Please refer to the following web page from 1 July 2010 to determine the application fee for Financial Year 2010/2011, and for PIRSA banking details for payments made by electronic funds transfer. Alternatively , please call the Petroleum and Geothermal Group on +61 8 8463 3204.
http://www.pir.sa.gov.au/petroleum/licensing/legislation_summary

View the CO2010 Acreage Release Brochure (PDF)

APPEA 2010 CO2010 poster

Bid Assessment

Bids will be assessed using the philosophies expressed in ‘Selecting the winning bid’. The specific scoring scheme is detailed in ‘CO2010 Bid Assessment Policy’.

A free acreage release CD has been produced to assist explorers evaluate the blocks. It contains:

  • Block CO2010 A-D acreage release information and application forms
  • Cooper Basin Fact Sheet
  • Petroleum Geology of South Australia (PGSA) Volume  2 - Eromanga Basin
  • Petroleum Geology of South Australia (PGSA) Volume  4 - Cooper Basin
  • Selected environmental publications (SEOs)

For more information on the CO2010 release please contact:

Petroleum and Geothermal Group
Division of Minerals and Energy Resources
Primary Industries and Resources South Australia
Level 6, 101 Grenfell Street
GPO Box 1671
ADELAIDE SA 5001
Phone   +61 8 8463 3204
Fax   +61 8 8463 3229