https://www.miningweekly.com

More land released for oil and gas exploration

15th May 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – The Australian government has announced that 21 new areas in commonwealth waters will be made available for oil and gas exploration through the 2017 Offshore Petroleum Exploration Acreage Release.

The areas sit across eight basins in commonwealth waters off the Northern Territory, Tasmania, Victoria and Western Australia coasts, and in the Territory of Ashmore and Cartier Islands.

Minister for Resources and Northern Australia Mattew Canavan said the release supported the government’s action to strengthen domestic gas supply by making new areas available for oil and gas exploration.

“There are 20 areas available for work programme bidding, where petroleum companies need to submit comprehensive exploration plans, across a mixture of mature and lightly explored basins. A further area open for cash bidding is located in the highly prospective Dampier sub-basin of Western Australia’s Northern Carnarvon basin,” Canavan said.

“Following strong bidding on Round 2 of the 2016 acreage release, I hope to see this momentum continue to this year’s release.”

The Queensland government on Monday also announced that it would soon release another 395 km2 of land for gas development to supply to the east coast Australian market.

Natural Resources and Mines Minister Dr Anthony Lynham said that two new parcel of lands totalling 395 km2 would be released in the Surat basin in the next two months, and were in addition to the 58 km2 of land released in February.

Any gas produced will only be able to be sold in Australia.

“This initiative shows again that Queensland is ahead of the pack on gas supply policy action,” Lynham said.

“We had a positive response from industry to the first pilot release of land in February and it’s clear there’s an appetite in the market to develop Queensland’s gas reserves.

“Releasing more land will drive employment and investment in regional Queensland and eventually add to the gas currently available for domestic use.”

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.142 0.175s - 88pq - 2rq
Subscribe Now