More Gas Exploration on the Way

More than 6600 square kilometres of unexplored land in gas-rich Queensland is to be opened up for exploration – more than 900km2 of it.

Queensland’s Gasfields
The Government has invited companies to bid for the right to explore for gas south-west of Chinchilla in the Bowen and Surat basins.

This is the fourth state release of land for gas for the Australian market since 2017.Since then, almost another 18,000 km2 has been released for gas exploration, more than a third of it of it for the domestic market only.

Armour Energy is looking for gas on 318 km2 of the Roma Shelf north of Miles and Surat and Central Petroleum has locked in a deal to supply gas from its site near Miles to one of Queensland’s largest manufacturers, Incitec Pivot.

Earlier this week, Senex announced go-ahead for its Project Atlas in the Surat Basin on the first land the Queensland Government awarded for domestic-only gas production in March 2018.

State-wide the oil and gas industry continue to directly employ some 8000 people and will contribute an expected $447 million in royalties in 2018/19.

The Surat and southern Bowen basins account for more than three quarters of the industry.

Mines minister Anthony Lynham Says successful tenderers will need to meet stringent environmental, native title and land access requirements before commencing on-ground exploration.

Tenders opened on 1 November 2018 and close at 2.30 pm (AEST) on 28 February 2019.