Authors / CoAuthors
Langford, R.P.
Abstract
Australia has become the first country to offer commercial offshore acreage for the purpose of storing greenhouse gases in geological formations. Ten offshore areas in five basins/sub-basins are open for applications for Assessment Permits, which will allow exploration in those areas for suitable geological formations and conditions for storage of greenhouse gases (predominantly CO2). The acreage was released on the 27th March 2009 under the Offshore Petroleum and Greenhouse Gas Storage Act 2006. The acreage release is modelled on Australia's annual Offshore Petroleum Acreage Release; applicants can apply for an Assessment Permit for any of the ten areas, which is approximately equivalent to an exploration permit in petroleum terms. Applications will be assessed on a work-bid basis and other selection criteria outlined in the Regulations and Guidance Notes for Applicants. Following the assessment period, project proponents may apply for an injection license (equivalent to a production license in the petroleum industry) to inject and store greenhouse gas substances in the permit area. The areas offered in this first round of Acreage Release include five areas located within the Gippsland and Otway basins, offshore Victoria and South Australia, and the other five areas are located in the Vlaming and Petrel sub-basins, offshore Western Australia and the Northern Territory. The offshore areas offered for GHG geological storage assessment are significantly larger than their offshore petroleum counterparts to account for, and fully contain, the expected migration pathways of the injected GHG substances.
Product Type
nonGeographicDataset
eCat Id
69672
Contact for the resource
Custodian
Point of contact
Cnr Jerrabomberra Ave and Hindmarsh Dr GPO Box 378
Canberra
ACT
2601
Australia
Keywords
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- External PublicationAbstract
- ( Theme )
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- carbon dioxide
- ( Theme )
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- resource management
- ( Theme )
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- marine
- Australian and New Zealand Standard Research Classification (ANZSRC)
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- Earth Sciences
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- Published_Internal
Publication Date
2009-01-01T00:00:00
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geoscientificInformation
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