Australia Frees Up Offshore Waters for Oil and Gas Exploration

Australia Frees Up Offshore Waters for Oil and Gas Exploration
The Atwood Osprey semi-submersible drilling rig offshore Australia on Sep. 29, 2011. AAP Image/Clarity Communications
Alfred Bui
Updated:

The Australian Labor government has opened bidding on the rights to explore oil and gas on the newly released 47,000 square kilometres (around 18,000 square miles) of offshore waters.

Ten offshore areas across the Bonaparte, Browse, Carnarvon, and Gippsland basins off the coasts of the Northern Territory, Western Australia, Victoria, and Ashmore and Cartier Islands have been made available to interested parties.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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