Liberty lands a pair of offshore blocks in Australia’s Gippsland basin
PHOENIX, May 5, 2021 /Upstream Online/ — US company Liberty Petroleum has been awarded two offshore exploration blocks in Australia’s Gippsland basin.
Blocks Vic/P77 and Vic/P78 were awarded to Liberty on a 100% basis on 15 April 2021 by Australia’s National Offshore Petroleum Titles Authority. They were released as Areas V19-6 and V19-7 in Australia’s 2019 offshore licensing round.
In Block Vic/P77, Liberty has proposed a A$92.1 million work programme over six years including one exploration well by 14 April 2025. In Block Vic/P78, Liberty has proposed a A$96.9 million work programme over six years including one exploration well by 14 April 2025.
Liberty is understood to have interests in non-operated Gippsland basin blocks Vic/L29, Vic/P54 and Vic/P70. These are the ninth and tenth blocks to be awarded from the 2019 round. A total of 30 bids were received for 21 blocks in the 2019 offer.
ABOUT LIBERTY PETROLEUM CORPORATION
Liberty Petroleum Corporation is a US-based privately held company with an international focus. Liberty spans the globe searching for high-impact exploration opportunities that are material enough to attract world-class operating partners. Since its inception in 1997 Liberty has acquired 17 distinct petroleum exploration permits in Australia alone.