Queensland OPENS UP 4200 SQUARE MILES FOR EXPLORATION

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AUSTRALIAN STATE OPENS UP 4200 SQUARE MILES FOR EXPLORATION

THE GOVERNMENT OF QUEENSLAND in northeastern Australia is seeking interest from around the globe in exploring for potentially rich petroleum and gas resources in the Australian state's far southwestern corner.


Dr. Anthony Lynham, Minister for State Development and Minister for Natural Resources and Mines, announced June 29 that 11,000 square kilometers (approximately 4247 square miles) was being released to gauge possible exploration interest.


"New discoveries of gas resources will support future domestic gas supplies for Queensland as well as our world-leading liquefied natural gas industry," Lynham said. "The Cooper and Eromanga Basins contain vast petroleum and gas resources and are considered among Australia's most prospective and commercially-viable regions for deep gas and oil development."


Queensland is offering potential investors access to $70 billion worth of infrastructure in pipelines, processing facilities, and liquefaction plants. Read more