Federal government opens 46,000 sq km for offshore oil and gas exploration
The federal government will allow the oil and gas industry to explore new offshore sites covering 46,758 square kilometres of Commonwealth waters.
Key points:
- The federal government has approved 10 new ocean sites for oil and gas exploration
- It has also approved two new offshore greenhouse gas storage areas
- The Resources Minister says carbon capture and storage is important for the world's push towards net zero emissions
In a video address to the NT Resources Week conference in Darwin, Resources Minister Madeleine King said the release comprised of 10 areas across the Bonaparte, Browse, Carnarvon, and Gippsland basins.
The locations are off the coasts of the Northern Territory, Western Australia, Victoria, and the Ashmore and Cartier Islands.
"The annual release of areas for offshore petroleum exploration supports ongoing investment in the nation's petroleum sector, which is vital for the economy and meeting the energy needs of Australians," she said.
I have no complaints but I didn't give him the preferences to take government either.
