HESS has been awarded two of four offshore petroleum exploration acreages in round two of the 2014 acreage release, resources minister Josh Frydenberg has announced.

The company was awarded WA 518 P and WA 519 P (formerly known as W14 10 and W 14 12 respectively) both located offshore at Onslow.

For WA 518 P, Hess proposed a $61.75 million guaranteed work program comprising the purchase of 88,500 hectares of 3D seismic data, reprocessing and inversion studies, one exploration well and geological and geophysical studies.

The secondary work program will comprise well data analysis, geological and geophysical studies and one exploration well totalling $53 million.

Hess will also run a $4.5 million guaranteed work program comprising 25,700 hectares of 3D seismic data reprocessing and inversion studies as well as geological and geophysical studies.

The secondary work program consists of one exploration well and geological and geophysical studies totalling $33.8 million.

Hess was the sole bidder on both projects.

A third north west shelf permit area, WA 520 P, located about 100 kilometres north of Exmouth, was awarded to Finder No 10 Pty Ltd (Finder).

Finder proposed a $6 million guaranteed work program comprising 128,000 hectares of new 3D broadband seismic data acquisition, processing and interpretation, and geological and geophysical studies.

The secondary work program comprises 50,000 hectares of 3D seismic data inversion, geological and geophysical studies and one exploration well totalling $31 million.

WA 517 P, the final permit to be allocated, was located in the Great Australian Bight, about 400 kilometres east of Esperance and was allocated to a Santos and JX Nippon Oil and Gas jointly operated venture.

Santos and JX proposed a $3.1 million guaranteed work program comprising 200,000 hectares of 2D seismic reprocessing, a seepage survey and geological and geophysical studies.

The secondary work program comprises 200,000 hectares of 3D seismic acquisition, geological and geophysical studies and one exploration well totalling $104.1 million. There was one other bidder on this area.

Areas W14-3, W14-8, W14-9, W14-11, W14-13, W14-14 and W14-18 did not receive bids, reverting to vacant acreage.

One bid was received for Area W14-1 during the block offer but no offer of a permit was made.

Areas W14-1, AC 14-1 and W 14-6 have been re-released for work program bidding with bids to be received on 29 October, after Oil & Gas Australia went to press.

The government will call for bids for round one of the 2015 Acreage Release at the end of October.