Friday, May 18, 2018

Alarmingly low' oil supplies may prompt more drilling in Great Australian Bight, minister warns

Concerns about national security and energy supply could prompt further bids to drill for oil in the Great Australian Bight, the Federal Resources Minister has warned.
Statoil has permission to explore the two light blue areas of the Bight.
In his address to the Australian Petroleum Production and Exploration Association's (APPEA) annual conference in Adelaide on Tuesday, Federal Resources Minister Matt Canavan said the Bight could play a vital role in bolstering Australia's domestic oil supply.

Mr Canavan said Australia's oil production had dropped to alarmingly low levels.



(Rather than taking the easy way out and engage some high-risk drilling for oil in the Great Australian Bight, our government should be following the advice of the Prime Minister, Malcolm Turnbull, and in applying some innovative thinking, explore and understand how we can use renewable energy to power the country and in doing so leave the fossil fuels in the ground - Robert McLean)

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