End in sight for Aussie exploration investment famine

Australia is pressing on with licensing rounds in the hope of bringing international investment back to its exploration sector Australia is pressing on with licensing rounds in the hope of bringing international investment back to its exploration sector.
By Sally Bogle 16 June 2017 0 26395
Woodside’s North Rankin Complex offshore Western Australia. (Woodside)

Green shoots may be emerging in Australia’s gas exploration market as state and federal governments step up efforts to release acreage and attract the sort of international investment that typified the LNG boom. 

“We’re definitely sensing a sea change in government policy, both at the federal and state level, towards resources development,” Bernadette Cullinane, Deloitte’s national oil and gas lead, told Interfax Natural Gas Daily.

In mid-May, the federal government released 21 new areas for exploration across eight premier offshore producing regions in the hope of...

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