On 30 June 2020, the Minister for Energy and Mining announced the details of successful bids in the 2019 petroleum exploration acreage release in the Cooper and Otway Basins. Please see the link below:

Successful applicants for Petroleum Exploration Acreage in Cooper and Otway Basins announced

At the close of bidding on 29 November 2019, 11 bids were received from nine companies for the eight blocks offered, including two joint ventures comprising two companies each. Bids were received for all five Cooper Basin Blocks, and one of the three Otway Basin Blocks - OT2019-B. No bids were received for the other two Otway Basin blocks.

Successful Cooper and Otway basin bidders were selected on the basis of the total five-year work program bid together with the adequacy of financial resources and technical expertise to satisfactorily undertake the proposed work program.

The following is a summary of the successful applicants and proposed work programs:

Block/Company Total Value ($) Guaranteed Work ($) Total Wells Guaranteed Wells Total 3D Seismic (km2) Guaranteed 3D Seismic (km2) Total 2D Seismic (km) Guaranteed 2D Seismic (km)
Leigh Creek Energy Limited
8,700,000 8,150,000 2 2 150 150 150 150
Leigh Creek Energy Limited
9,350,000 8,800,000 3 3 150 150   
Cordillo Energy Pty Ltd
9,450,000 9,450,000 2 2 250 250   
Gidgee Energy Pty Ltd
26,450,000 23,450,000 8 7 0 0   
Vintage Energy Ltd
16,145,000 7,905,000 4 2 200 100   
Adelaide Energy Pty Ltd and Somerton Energy Pty Ltd
4,300,000 1,300,000 0 0 0 0 500 0

Additional information on the Acreage Releases can be found at the pages listed below:

Cooper Basin Release Acreage Blocks CO2019 A-E

Otway Basin Release Acreage Block OT2019 A-C