The Australian government is reviewing offshore petroleum retention leases on the nation’s south-east coast in a bid to bring more reserves into production.

Australia’s Minister for Resources, Matt Canavan, ordered the country’s National Offshore Petroleum Titles Administrator to carry out the review late last week.

“Re-evaluating the commercial viability of retention leases in the Victorian and Tasmanian offshore areas will determine if there are resources that could be brought into production,” he said Friday.

Canavan added that if the review found there to be commercially viable resources within a retention lease, the government had the power to revoke the lease.