Australia Awards Nine Offshore Petroleum Exploration Permits
18 11월 2011 - 12:53PM
Dow Jones News
Australia has handed out nine new offshore permits that will
open the door to petroleum exploration investment worth 380 million
Australian dollars (US$380.8 million) and may benefit the country's
long-term energy security, the federal government said Friday.
"Liquefied natural gas is forecast to be Australia's
fastest-growing energy export," Martin Ferguson, minister for
resources and energy, said in a statement. "On the other hand,
Australia has a A$16 billion trade deficit in crude oil, refined
products and LPG (liquid petroleum gas), which is also rising."
Permits to explore waters off Western Australia state were
awarded to Woodside Petroleum Ltd. (WPL.AU), Royal Dutch Shell PLC
(RDSA RDSB), Mitsui & Co.'s (8031.TO) Mitsui E&P Australia,
Cottesloe Oil & Gas Pty. Ltd. , Strike Energy Ltd. (STX/AU),
WHL Energy Ltd. (WHN.AU) and Santos Ltd. (STO.AU).
The government said 33 bids were received for 12 areas in the
second round of the 2010 Offshore Petroleum Exploration Acreage
Release, which closed on May 12. Of the nine permits awarded,
Woodside received seven permits, one alone and the others in
partnership with either Shell or Mitsui.
"Continued exploration of offshore areas is required to maintain
a robust offshore petroleum industry," Ferguson said. "These
permits add greater momentum to offshore development, potentially
reducing our dependence on fuel imports and strengthening our
energy security."
-By Robb M. Stewart, Dow Jones Newswires; +61 3 9292 2094;
robb.stewart@dowjones.com
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