(The Age) - WOODSIDE is set to return to the Great Australian Bight to hunt for what may be Australia's last new oil province.

The well-named Springboard exploration is planned for next year and follows on from the drilling of the Gnarlyknot prospect several years ago. That well cost more than $40 million but came up dry.

The Bight is considered the last region capable of yielding the 200-300 million barrel oilfields that Australia needs to find if it is to retain current levels of oil self-sufficiency.

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