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Otway Basin and Gippsland Oil and Gas Exploration Locations Released
May. 17, 2010 05:29PM PST
Resource Investing News Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin is now included as well as two onshore areas and one offshore area in the Otway Basin.
Energy and Resources Minister Peter Batchelor is quoted saying:
“We are committed to creating […]
Brumby Labor Government has announced the new areas for oil and gas exploration in Victoria. Peter Batchelor confirmed that five onshore areas in the Gippsland Basin is now included as well as two onshore areas and one offshore area in the Otway Basin.
Energy and Resources Minister Peter Batchelor is quoted saying:
“We are committed to creating a strong investment climate and jobs in Victoria and that’s why we are releasing this promising acreage that will provide opportunities for new oil and gas exploration. The Otway Basin has contributed significantly to expanding Victoria’s gas production and supply to Victorian, South Australian and New South Wales markets.”
Click here to access the entire Press Release