±

±

201082-007

Well, (single target)3D Seismic

Well, (dual target)2D Seismic

Increasing exploration value per $ spent (WEQs)

2.01.00

Geoch

emica

l Sur

vey

Aerom

ag S

urve

y

Seism

ic Re

proc

essin

g

Geol +

Geo

ph x

Studi

es

SA

WA

Vic

tori

aQ

ue

en

sla

nd

*N

SW

NT

Off

sho

re (

DIS

R)

Wo

rk p

rog

ram

Yes

Yes

, se

ek i

ndus

try

Yes

Yes

, fo

r a

ll fo

rmer

Yes

No

, b

ut m

ay

Yes

, se

ek i

ndus

try

bid

din

gin

put

int

o a

rea

sA

TP a

rea

sin

form

ally

inp

ut i

nto

are

as

toto

rel

ease

sug

ges

t a

rea

sre

lea

se

Ov

er

the

co

un

ter

Yes

No

, b

ut h

ave

at

Yes

Yes

fo

r va

cant

Yes

Yes

No

ap

pli

cati

on

stim

es r

elea

sed

land

onl

yen

tire

Sta

te f

or

ap

plic

atio

ns

Re

lea

se s

che

du

leC

oin

cid

e w

ithRe

lea

sed

at

Co

inci

de

with

Rele

ase

d a

t A

PPEA

,W

hene

ver

All

vaca

nt a

rea

sRe

lea

sed

at

ma

jor

conf

eren

ces

Petr

ole

um O

pen

Co

mm

onw

ealth

oth

er t

imes

up

on

ava

ilab

le a

nda

vaila

ble

at

any

APP

EA(i

.e.

NA

PE,

Da

y in

Oct

ob

erre

lea

se a

t A

PPEA

req

uest

suita

ble

time

APP

EA)

Pu

bli

sh a

wa

rdY

esPa

rtia

lly b

ase

d o

nS

imila

r to

Yes

Gen

era

lC

rite

ria

fo

rY

escr

ite

ria

?C

om

mo

nwea

lth,

Co

mm

onw

ealth

info

rma

tion

–a

wa

rd o

fg

ener

al

info

wo

rk p

rog

ram

, $

exp

lora

tion

pub

lishe

da

nd t

echn

ica

lp

erm

itsca

pa

city

pub

lishe

d

Cu

rre

ntl

y p

ub

lish

Yes

No

No

No

Gen

era

lG

ener

al

No

bid

ass

ess

me

nt

gui

del

ines

gui

del

ines

.p

roce

ss?

Ev

alu

ati

on

6 t

o 9

mo

nths

5 m

ont

hs,

but

Sa

me

as

6 m

ont

hsW

as

3 m

ont

hs,

2 m

ont

hs6

or

12

mo

nths

,ti

me

fra

me

sd

epen

din

g o

nd

epen

ds

on

are

aC

om

mo

nwea

lthno

w 6

mo

nths

dep

end

ing

on

am

oun

t o

f&

am

oun

t o

f d

ata

acr

eag

ed

ata

/ex

plo

ratio

nm

atu

rity

Pu

bli

shY

es,

5 y

ear

wo

rkPr

ess

rele

ase

giv

esY

esC

urre

ntY

esU

sua

llyY

es,

via

pre

ssw

inn

ing

bid

pro

gra

m a

nd e

xpen

d-

sum

ma

rya

dve

rtis

emen

tsitu

re v

ia p

ress

rel

ease

info

rma

tion,

sta

te t

hat

win

ning

and

ga

zetta

lin

clud

ed i

nb

id w

ill b

eRe

gis

ter.

pub

lishe

d r

elea

se

No

tify

Yes

Yes

, FO

I en

ab

les

Yes

No

Yes

in

gen

era

lY

es w

ith o

utlin

eN

ou

nsu

cce

ssfu

la

cces

s to

all

term

sre

aso

ns f

or

bid

de

rsa

pp

lica

tions

,d

ecis

ion

min

us s

ensi

tive

com

mer

cia

l d

ata

.

Cu

rre

nt

pro

vis

ion

Yes

No

, b

ut h

ave

Yes

No

No

No

Yes

, b

ut n

ot

afo

r ca

sh b

idd

ing

?p

rem

ium

bid

din

gcu

rren

tsy

stem

.G

ove

rnm

ent

po

licy

*ne

w le

gis

latio

n p

end

ing

Year Guaranteed well Non-guaranteed well1 1 12 0.9 0.453 0.8 0.44 0.7 0.355 0.6 0.3

Non-guaranteed Ng ≥ 2 xg Ng ≥ 3 x g Ng ≥ 4 x g Ng ≥ 5 x gyear

4 0.3 0.15 0.075 0.045 0.25 0.125 0.06 0.03

W here g = guaranteed program, ng = non-guaranteed program

Seismic survey type Seismic cost factor2D 0.23D 1.0

Type of work Cost discount factorSeismic reprocessing 0.05Aeromagnetic survey 0.02Geological and Geophysical studies 0.05Geochemical survey 0.01

±

±

W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 1 1No. targets 2 2 2Seismic 2D (km)2D seismic cost ($k)Seismic 3D (km2) 1153D seismic cost ($k) 1150Seismic reprocessing ($k)G and G studies ($k) 200

W ork Program year 1 2 3 4 5W ell target score 2 2 2Timing and guarantee 0.9 0.8 0.3Total well score 1.8 1.6 0.6Seismic survey 1.15Seismic timing and guarantee 0.35Total seismic score 0.4025Other data acquisition 0.01Timing and guarantee 1.0Total data acquisition score 0.01

Total BID A SCORE = 4.41 WEQ

W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 1 1 1No. targets 2 2 1 1Seismic 2D (km) 852D seismic cost ($k) 250Seismic 3D (km2)3D seismic cost ($k)Seismic reprocessing ($k)G and G studies ($k) 200

W ork Program year 1 2 3 4 5W ell target score 2 2 1 1Timing and guarantee 1.0 0.9 0.8 0.35Total well score 2.0 1.8 0.8 0.35Seismic survey 0.05Timing and guarantee 1.0Total Seismic score 0.05Other data acquisition 0.01Timing and guarantee 1.0Total data acquisition score 0.01

TOTAL BID B SCORE = 5.01 WEQ

W ork Program year 1 2 3 4 5Guaranteed Y Y Y N NNo. wells 1 2 2No. targets 2 1 2Seismic 2D (km) 1502D seismic cost ($k) 450Seismic 3D (km2)3D seismic cost ($k)Seismic reprocessing ($k) 100 100G and G studies ($k) 200 200 200 200 200

W ork Program year 1 2 3 4 5W ell target score 2 1 2Timing and guarantee 0.8 0.075 0.06Total well score 0.8 0.075 0.12Seismic survey 0.09Timing and guarantee 0.9Total Seismic score 0.081Other data acquisition 0.015 0.015 0.015 0.015 0.015Timing and guarantee 1.0 0.9 0.8 0.35 0.3Total data acquisition score 0.015 0.135 0.008 0.0035 0.003TOTAL BID C SCORE = 1.91 WEQ

±

Bidder W ells Tota l seism ic Tota l score Financia l(W EQ) ra t ing

Guaranteed N on-gua ra nteed Tota l

A 2 1 3 115 km2 3D 4.41 MarginalB 3 1 4 85 km 2D 5.01 InadequateC 1 4 5 85 km 2D 1.92 Adequate