Queensland Government Seeks Bids to Explore 2 Blocks in Bowen Basin
The Queensland Government announced Friday that it is calling for expressions of interest to explore for petroleum and gas resources on highly prospective land in the Bowen Basin of central and south-west Queensland, Australia.
The two parcels of land open for competitive tender for petroleum and gas exploration rights with a cash bid component covers approximately 135 square miles (350 square kilometers) or 113 sub-blocks of land in the Rolleston and Injune areas of the Bowen Basin.
This is one of the largest land releases for areas with petroleum and gas deposits in Queensland and is expected to provide significant employment and economic opportunities for the region.
Areas released with a cash bid component are in established resource regions. Exploration and discovery activities on this area are well established – the Queensland Government is now looking for a company with the right expertise to successfully bring these resources to market.
This opportunity will grant the successful tender applicant a petroleum and gas Authority to Prospect (ATP) exploration permit for an initial term of six years.
The Tender Process
The Authority to Prospect (ATP) for two of Queensland’s most highly prospective blocks of land opened to tender Oct. 3. The competitive tender process includes a cash bid component.
The tender process will close at 2:30pm on Thursday, Jan. 29, 2015.
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- Queensland Government Seeks Bids to Explore 2 Blocks in Bowen Basin (Oct 03)