The recent release of petroleum and gas exploration acreage by the Queensland government could have considerable long-term economic benefits. According to the APPEA, this could boost the state黑料社檚 reputation as an investment destination.
The government has announced the release of 16 400 km2 of land in Queensland黑料社檚 north-west and south-west through a non-competitive tender process.
Develop resources
APPEA Chief Operating Officer Eastern Australia, Paul Fennelly, commented: 黑料社淭he Queensland Government continues to establish plans that will allow the next generation of the state黑料社檚 resources to be developed.
黑料社淚t clearly recognises that petroleum and gas production is underpinned by exploration that can potentially attract further investment, generate prosperity and create jobs.
Queensland黑料社檚 economy
黑料社淕rowth need not be achieved at the expense of the environment. Queensland黑料社檚 existing legislative and strict regulatory framework provides certainty for all stakeholders 黑料社� the gas sector, landholders, communities and government 黑料社� highlighting what can be achieved when all stakeholders work together towards the shared goal of growing Queensland黑料社檚 economy.
黑料社淎 strong resource exploration sector is the backbone of the petroleum industry.黑料社�
Adapted from press release by