Call for Tenders for Authorities to Prospect
Tender ID: 227268
Tender Details
Tender Description
Queensland is one of the world’s leading destinations for mining and resources investment and new petroleum and gas exploration opportunities are available in the state’s Surat, Cooper and Eromanga basins.
The Surat, Cooper and Eromanga basins are key petroleum and gas producing regions and have significant deposits, serviced by established processing facilities and major transmission pipelines.
The State has approved the release of 19 areas totalling approximately 11,070 square kilometres in the Cooper and Eromanga basins in south-west Queensland, for petroleum and gas exploration. Authorities to Prospect (ATP) in these areas will be for an initial six (6) year term if granted via this competitive tendering process without a cash component.
Successful tenderers that meet environmental, land access and native title requirements would be granted an Authority to Prospect (ATP) for petroleum and gas exploration with an initial term of six years.
Due to the nature of the land, the size of the release areas, existing infrastructure in place and accessibility to existing ports and transport options in the surrounding areas, the Queensland Government anticipates strong national and international interest in these tenders.