The first three grants under the $50 million Beetaloo Cooperative Drilling Program have been revealed by the Federal Government, helping the development of gas projects in the Northern Territory.
Minister for Resources and Water, Keith Pitt has said the three grants to Imperial Oil and Gas would provide up to $21 million to support three new exploration wells in the company’s EP187 exploration zone in the basin’s east.
Under the Beetaloo Cooperative Drilling Program, grants of up to $7.5 million per well are available to applicants, with further grants expected to be announced in the coming months.
“The Beetaloo Sub-basin is potentially a world-class gas resource which could create thousands of jobs and help bolster supplies of gas for the domestic market and for exports around the world,” Mr Pitt said.
“The Coalition Government announced the new strategic basin plan for the Beetaloo Sub-basin in December, with the aim of speeding up investment, exploration and development to unlock jobs and resources under the gas-fired recovery program.
“Grants under the Beetaloo Cooperative Drilling Program are expected to deliver several additional exploration wells by 2022 and bring forward at least $150 million in private investment in the basin.”
Mr Pitt said development in the Beetaloo Sub-basin can transform the Northern Territory economy and generate up to 6,000 jobs, mostly in the Territory, by 2040.
For more information, click here.
Find Related Companies In The Pump Industry Capability Guide
-
Tender: HVAC equipment maintenance and repairs
Public Transport Authority (WA) is seeking tenders for the supply, installation, maintenance and repair services to heating, ventilation and...
-
New General Manager at Think Water
Think Water has appointed a new General Manager, who has previously worked at Grundfos Pumps and Brown Brothers Engineering....
-
Tender: sewer pump station retrofit
Goulburn Valley Water (VIC) are seeking tenders for the design and construction of retrofit upgrades to a sewer pump...
-
$1.1m VIC stormwater project to safeguard community
Works are soon to begin in northwestern Victoria on the $1.1 million Murrabit Stormwater project, providing new underground infrastructure...
-
Northern Australia’s water potential
The CSIRO are conducting a $15million Northern Australia Water Resource Assessment which aims to expand irrigated agriculture across the...
-
Tender: dry gas and mechanical seals
INPEX seeks to engage the services of contractor(s) for the provision of dry gas and mechanical seals and associated...
-
Experience a new level of control with ComAp
Global leaders in pump control; ComAp specialise in creating electronic and management solutions for use in the power generation industries...
