End in sight for Aussie exploration investment famine

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...