The study area is within PEP 11, which is more than 200 km in length, covers an area over 8,200 km2 and lies immediately offshore of Sydney, Australia’s largest gas and petroleum market on the east coast of New South Wales. Permit water depths range from 40 m to 200 m. While the onshore Sydney Basin has received episodic interest in petroleum exploration drilling, no deep exploration wells have been drilled offshore.A reappraisal of available data indicates the presence of suitable oil- and wet gas-prone source rocks of the Late Permian coal measure succession and gas-prone source rocks of the middle to early Permian marine outer shelf mudstone successions within PEP 11. Reservoir quality is an issue within the onshore Permian succession and, while adequate reservoir quality exists in the lower Triassic succession, this interval is inferred to be absent over much of PEP 11. Quartz-rich arenites of the Late Permian basal Sydney Subgroup are inferred to be present in the western part of PEP 11 and these may form suitable reservoirs. Seismic mapping indicates the presence of suitable structures for hydrocarbon accumulation within the Permian succession of PEP 11, but evidence points to significant structuring post-dating peak hydrocarbon generation. Uplift and erosion of the order of 4 km (based on onshore vitrinite reflectance studies and offshore seismic truncation geometries) is inferred to have taken place over the NE portion of the study area within PEP 11. Published burial history modelling indicates hydrocarbon generation from the Late Permian coal measures commenced by or before the mid-Triassic and terminated during a mid-Cretaceous compressional uplift prior to the opening of the Tasman Sea.Structural plays identified in the western and southwestern portion of PEP 11 are well positioned to contain Late Permian clean, quartz-rich, fluvial to nearshore marine reservoir facies of the coal measures. These were sourced from the western Tasman Fold Belt. The reservoir facies are also well positioned to receive hydrocarbons expelled from adjacent coal and carbonaceous mudstone source rock facies, but must rely on early trap integrity or re-migrated hydrocarbons and, being relatively shallow, have a risk of biodegradation. Structural closures along the main offshore uplift appear to have been stripped of the Late Permian coal measure succession and must rely on mid-Permian to Early Permian petroleum systems for hydrocarbon generation and accumulation.