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Australia announces areas for offshore oil and gas exploration

The 2018 acreage release includes 21 areas located across six sedimentary basins in Commonwealth waters offshore of Western Australia, South Australia, Victoria and the Ashmore and Cartier Islands. 16 areas are available for work program bidding and five areas for cash bidding. The areas are located in water depths of 15 to 4,534 metres, vary in size from 80 km² to 12,128 km² and also vary in level of existing geological knowledge.

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