Co-funded Energy Analysis Program (EAP)

Purpose and Program Overview

The Co-funded Energy Analysis Program (EAP) is a competitive grant. It encourages exploration for petroleum and geothermal resources in Western Australia. The program is part of the Exploration Incentive Scheme (EIS). It provides co-funding to a range of exploration projects.

The grant aims to broaden understanding of the state’s energy resources. It encourages businesses to re-analyse existing data and acquire new data. This helps to fill knowledge gaps and attract further exploration investment.

The program supports the energy and resources sector in Western Australia. It is managed by the Geological Survey of Western Australia (GSWA). The EAP’s broader role is to promote resource exploration and development. It helps to ensure the state’s energy security for the future.

Key Grant Details

• Grant amount or funding range: It offers a refund of up to 50% for eligible project costs. Specific capped amounts apply to different activities.
• Application open and close dates: The program is open for applications once a year. Applications for Series 8 opened on 2 February 2026. The application period is 26 days.
• Eligible industries or business types: The grant is for companies involved in petroleum and geothermal exploration.
• Required co-contributions: Yes, this is a co-funded program. Applicants must fund at least 50% of the project costs.
• Location/state/territory applicability: The grant is for projects in Western Australia.

Priority Sectors

The grant is specifically for the petroleum and geothermal exploration sectors.

Funding Scope

• Minimum and maximum amounts per stream: The funding is capped at set amounts depending on the activity. Capped values apply to analysis and reprocessing, and geophysics acquisition projects.
• Categories or streams of funding: There are two funding categories: EAP – Analysis and Reprocessing and EAP – Geophysics Acquisition.
• Project timeline or eligible funding duration: Successful applicants will sign a funding agreement for the 2026-27 term.

Grant Amount in Total

The total funding pool is not specified, but the Exploration Incentive Scheme provides significant funding for these activities.

Eligibility Criteria

• Business structure or size: The grant is for companies.
• Registered business location: Applicants must be an operating company with a registered office in Australia.
• Insurance or compliance obligations: Successful applicants must sign a funding agreement.
• ABN/GST status: An active ABN is required.

Eligible Activities and Expenses

Co-funded Energy Analysis Program supports various exploration activities. Eligible activities and expenses include:

• Analysis of existing state resources, like core and cuttings.
• Reprocessing of existing geophysical data.
• Desktop studies.
• Acquisition of new geophysical data.
• Survey costs related to geophysics acquisition.

Assessment Process

This is a competitive program. Applications are assessed against a set of criteria. A panel of experts carries out the assessment process.

Recent Program Updates

The application dates for the next round (Series 8) have been announced. The program continues to operate with two distinct funding categories.

Application Tips

• Be sure your proposal aligns with the program’s focus on petroleum and geothermal exploration.
• Applications are highly competitive. Clearly show the potential impact of your project.
• Ensure all required documents are prepared in advance. This includes a detailed project proposal and a plan.
• The application period is short. Have your proposal ready before the opening date.

Where to Get Help

Consider consulting with a professional grant specialist like Pattens Group. We offer initial assessments to review your business’s eligibility and evaluate how well your project aligns with the grant’s objectives. You can also visit relevant government websites for application templates and further guidance.