Queensland Government releases two petroleum and gas exploration areas
The Australian Petroleum Production and Exploration Association (APPEA) has welcomed the release of two petroleum and gas exploration areas in Queensland by the regional government.
The areas released by the Queensland Government consist of 86km² of land, 65km north of Injune in the Bowen Basin and 365km² of land 40km south-east of Surat, which covers both the Bowen and Surat Basins.
APPEA chief executive Malcolm Roberts said: “The new acreage gives the industry more options to supply the growing demand for gas and is further proof of Queensland’s leading role in the Australian industry.
“The development of the natural gas industry has been of great benefit to regional Queensland.
“Tapping into new gas reserves will sustain that success, creating more jobs and more investment in regional communities.”
The Council of Australian Governments (COAG) had recently highlighted the urgent requirement to develop new gas reserves in Australia to stop the falling output from matured and long-established gas fields.
Roberts said: “Despite subdued global prices, the outlook for the local industry is very positive. More natural gas will be needed as Australia increases its use of renewable energy: as a low-emissions, rapid-response technology, gas-fired generation is the ideal complement to wind and solar.
“The Queensland Minister for Natural Resources and Mines is to be congratulated for his reforms. These have improved the transparency of acreage releases, ensuring early and open consultation with the community well before any exploration begins.”
Image: Oil industry worker in Australia. Photo: Courtesy of APPEA website.