New explorer gets Surat acreage
PERTH (miningweekly.com) – The Queensland government has appointed first-time explorer AusGasCo CSG as the preferred tenderer to explore for gas on two blocks in the Bowen and Surat basins.
“Not only are we are doing all we can to get more gas in the market, but we are welcoming first time junior explorers to help bring more jobs and economic benefits to Queensland,” Minister for Resources Scott Stewart said.
“In fact, during 2020 we released a total of 8 205 km2 for gas exploration to maintain a pipeline of future resources projects. These blocks were released during Covid-19 as part of the government’s economic plan for recovery.
“These were sought after due to their proximity to existing gas pipeline infrastructure and processing facilities,” he said.
AusGasCo chairperson Frank Connolly said the board and team were excited to be awarded preferred tenderer for the two parcels, which would be foundation tenures for the company as a new entrant in the Queensland energy industry.
“I commend the government's confidence in junior explorers, promoting near-term Queensland petroleum exploration and encouraging private investment in the sector.
“It will benefit the local communities and businesses of central Queensland, the Queensland energy market and the Queensland economy. The two tenures are complemented by their location next to a number of quality, producing coal seam gas fields with multiple domestic gas transmission pipelines nearby.”
Since 2015 the state government has released more than 80 000 km2 of land for gas exploration, over a quarter of it guaranteeing the gas will be for Australian consumers.
The government is also investing A$5-million to investigate the feasibility of a physical 500 km gas transmission pipeline to connect the Bowen basin to the domestic and export markets.
Comments
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...
VISIT SHOWROOM
ENVASS is a customer and solutions-driven environmental consultancy with established divisions, serviced by highly qualified and experienced...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
