2019 Commonwealth acreage release fails to attract bidders

THE MOST recent federal offshore oil and gas acreage auction has failed to attract the attention of industry, with less than a third of permits on offer receiving bids from explorers.

2019 Commonwealth acreage release fails to attract bidders 2019 Commonwealth acreage release fails to attract bidders 2019 Commonwealth acreage release fails to attract bidders 2019 Commonwealth acreage release fails to attract bidders 2019 Commonwealth acreage release fails to attract bidders

 

The federal government launched the auction in July last year, putting 64 areas across five sedimentary basins offshore up for bidding.

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