Australia’s Northern Territory Government has announced two areas available for oil and gas exploration in the 2021 Northern Territory Petroleum Acreage Release.
Australia’s Northern Territory Government has announced two areas available for oil and gas exploration in the 2021 Northern Territory Petroleum Acreage Release.
The onshore areas cover some of the most prospective regions of the southern part of the Georgina Basin, which is a frontier area with known thick organic-rich shales and widespread documented oil and gas shows.
The release areas are supported by existing well and seismic data together with regional geological data. Previous exploration work includes 2D seismic surveys and 12 exploration wells, some of which have undergone hydraulic fracture stimulation and testing. The deadline for submissions is 16 November.
