f The 2014 North Carnarvon Basin License Round – a real-world example of the application of modern play tools and techniques in a competitive mature basin exploration arena.

The 2014 Australian offshore gazettal round was announced in May 2013 with thirteen of the 31 blocks in the North Carnarvon Basin, Australia’s premier oil and gas offshore basin. 12 bids were subsequently received on 6 blocks, which were later awarded with firm and contingent total work program commitments of $33 million and $150 million, respectively.