Largest ever land release unlocks Surat Basin
The Queensland Government has released 30,000 square kilometres of land across the state for gas exploration today, including large parts of the Surat Basin in the southwest.
Premier Annastacia Palaszczuk made the announcement this afternoon at the Ceda State of the State lunch in Brisbane, and confirmed much of the gas extracted from the new area will be going to the domestic market.
"Today I can announce that my government is going out for tender for another 30,000 square kilometres of land for gas exploration mostly across the Surat, Bowen and Galilee basins - an area almost size of Belgium - with 30 per cent of gas preserved for the Australian market protecting and creating local jobs," Ms Palaszczuk said.
The land release is the largest in Queensland's history, and stretches from areas near Roma, through to Longreach and Mt Isa, covering six basins in total: the Bowen, Surat, Galilee, Adavale, Eromanga and Millungera.
Bids for the lands parcels open on November 7.
"Operators now have the opportunity to hunt for gas in proven gas rich Bowen and Surat basins," Minister for Natural Resources, Mines and Energy, Dr Anthony Lynham said.
"Queensland is open for business and I encourage these companies to progress the necessary approvals to get the gas and associated jobs flowing.
"More gas from more fields is the only long-term way to deal with affordable domestic gas supply, and this latest land release further opens up under-explored Adavale, Galilee and Millungera basins."
On top of the latest release, six ventures have won the right to explore just over 3000km2 in the Surat Basin. They are:
•Comet Ride: 450km2 southeast of Emerald, for domestic supply only.
•Denison Gas: 568km2 southeast of Emerald, for domestic supply only.
•Galilee Energy: 1425km2 south of Emerald.
•Westside and APLNG: 753km2 east of Taroom.
•Santos GLNG: two areas totalling 101km2 east of Roma.
•Red Energy/Strata-X: 153km2 west of Miles
QRC Chief Executive Ian Macfarlane said the Government's release of land for exploration was essential to for jobs, investment, exports and ultimately generating additional revenue from royalties.
"QRC has consistently pushed for extra land to be released for exploration and development. We have been very supportive of the release of areas for exploration and development to service the domestic gas market, supporting industry, jobs and households here in Queensland," he said.