WA Co-Funded Energy Analysis Program

The WA Co-Funded Energy Analysis Program provides funding to encourage exploration of petroleum and geothermal resources in Western Australia.
Applications Open Monday 3 February 2025 and Close Friday 28 February 2025.
There is only one application period per year.

The Energy Analysis Program aims to support exploration of petroleum and geothermal resources in WA by providing funding under 2 categories:

Analysis and Reprocessing – funding for analysis of existing state resources (eg core, sidewall core, cuttings, and oil, condensate, water, and gas samples) and re-analysis of existing data (eg reprocessing or desktop studies).
Geophysics Acquisition – funding for acquisition of greenfields geophysical data to achieve better resolution and understanding of petroleum and geothermal systems. The data from the co-funded projects will become open file to advance exploration activity, address knowledge gaps, and deliver regional information to the wider exploration community.

Analysis and Reprocessing Category – Co-funding amount will be 50% of the actual costs up to a capped value of $50,000 per project.
Geophysics Acquisition Category – Co-funding amount will be 50% of the direct project costs up to a capped value of $250,000 per project. A maximum of two applications may be submitted by a single Applicant/Company, and applications must be over different resources.

To be eligible for funding, Applicants must:

be a legal entity that can enter a legally binding funding agreement with the WA government;
have an active Australian company number (ACN);
be registered for goods and services tax (GST); and
hold either a Petroleum Title, Geothermal Title or Reservation Title including a petroleum or geothermal special prospecting authority.

Projects eligible for funding must:

not be retrospective;
be able to be completed in a 12-month period;
have given due consideration to the reliability of the business to complete and return all data and samples within the 12-month period; and
be within the categories of either analysis of physical services, reprocessing or desktop and data studies.