The Cooper Basin, one of Australia’s oldest and most strategically located onshore gas-producing zones, is seeing renewed interest as explorers and producers respond to pricing and demand signals in eastern Australia’s tightening supply market.
Recent improvements in productivity and higher spending on exploration represent a marked change from previous years, when operators across Australia sliced their investment in prospecting because of tumbling oil prices.
Santos, the basin’s largest producer, said last week it would increase drilling activity in the Cooper, which overlaps South Australia and Queensland. This...
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