Australia making new initiatives for greater exploration data access

04/26/2004
Australia contains established oil and gas provinces (Fig. 1), is politically stable, and has a fiscal regime that encourages petroleum exploration and development. Click here to enlarge imageThese combined with infrastructure all serve to attract and maintain petroleum exploration and production investment in the established oil and gas provinces. In the last 10 years, Australia has maintained 65-85% self sufficiency in oil and better than 100% sufficiency in gas as a net gas exporter through LNG.The Australian government has a new program of data acquisition in poorly explored areas, and the recently announced Spatial Information & Data Access Policy requires that basic data be made av...
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