Australia tries to lure shale exploration investment

Detailed data on Australia’s South Nicholson Basin is being released in the hope of bringing investors to the region’s untapped shale resources Detailed data on Australia’s South Nicholson Basin is being released in the hope of bringing investors to the region’s untapped shale resources.
By Sally Bogle 27 October 2017 0 28145
The Darwin LNG plant, Australia. (ConocoPhillips) The Darwin LNG plant, Australia. (ConocoPhillips)

The Australian government is trying to attract investment to explore the onshore South Nicholson Basin, one of the country’s least-explored regions, in the hope of triggering a United States-style shale boom. Its aim is to meet burgeoning demand for export and domestic use.

Preliminary datasets from gravity and deep crustal seismic surveys undertaken in the basin, which spans parts of the Northern Territory (NT) and Queensland, were released last week. 

It is the first time detailed seismic data has been gathered in the region, which is believed...

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