Plan for Accelerating Exploration (PACE) Gas Grant ProgramOverview
This program aims to increase the supply of gas into South Australia’s energy market to increase gas supplies and increase competition between gas suppliers. Support will be limited to projects with the greatest likelihood of securing new and significant gas supplies to South Australian customers from South Australian gas fields by year-end 2019.
Funding of up to 50% of applicant expenditure to a capped amount likely to be up to $8 million is available.
Where proponents submit more than one application they must demonstrate that they have the financial capacity to match co-payments for all applications in the event that more than one of their project bids are the highest ranked.
A total funding pool of $24 million is available.
As announced in the 2017-18 State government, this program will receive $5 million over four years for discovery drilling to unlock the State’s mineral and gas riches.
Eligible applicants include gas companies both in South Australia and those operating in other jurisdictions that must meet the following criteria:
- The applicant must represent a project within a current South Australian licence (i.e. Petroleum Exploration Licence (PEL), Petroleum Retention Licence (PRL) or Petroleum Production Licence (PPL). Grant supported projects can be claimed to meet existing minimum work program or expenditure requirements.
- The operations must have a relevant, current Statement of Environmental Objectives (SEO) and the applicant must demonstrate all reasonably necessary access to land and facilities.
3. Financial capacity
- The applicant(s) must demonstrate sufficient capacity to match the funds sought through the PACE Gas Grant Program for the proposed project.
Eligible projects include, but are not necessarily limited to:
- The accelerated deployment of new technologies to lift existing and new well productivity.
- New gas exploration wells in proximity to existing gas infrastructure.
- New gas processing, storage and transport facilities.
The main assessment criteria include:
- Likelihood and materiality of success
- Supply of incremental gas
- Access to infrastructure
- Measurement of outcomes
Please refer to the Guidelines for the complete list of the assessment criteria.
- Research & Development
- Business Support