The Minister for State Development and Minister for Natural Resources and Mines in Queensland, Australia Anthony Lynham released Thursday the following media statement regarding the release of exploration acreages in the state, which will underpin its $1.55 billion (AUD 1.9 billion) gas industry.
The Palaszczuk Government is seeking interest from around the globe in exploring for potentially-rich petroleum and gas resources of Queensland’s far south-western corner.
Minister for State Development and Minister for Natural Resources and Mines Dr Anthony Lynham said today 4,247 square miles (11,000 square kilometers) was being released for exploration expressions of interest.
“New discoveries of gas resources will support future domestic gas supplies for Queensland as well as our world-leading liquefied natural gas industry,” Dr. 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.
“Into the bargain, Queensland offers potential investors access to $57 billion (AUD 70 billion) worth of infrastructure in pipelines, processing facilities and liquefaction plants.”
Dr. Lynham said the Department of Natural Resources was targeting potential explorers and investors in Europe, North America and Asia through international industry media and events.
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