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Australia’s offshore oil and gas regime will be further strengthened

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Staff Writer | November 29, 2017
Matt Canavan
Oil exploration   Northern Australia Matt Canavan

Australia’s offshore oil and gas regime will be further strengthened as the Government implements recommendations from a review of consultation and transparency for the sector.

Minister for Resources and Northern Australia Matt Canavan said Australia already had a comprehensive and robust regulatory regime for the oil and gas sector, and these new measures would ensure even more information is available in the public domain.

“The offshore oil and gas industry gas has powered our domestic industry and export sector for decades. Over that time it has had a strong operating record,” Minister Canavan said.

“Australians can have confidence in the information used to decide where, when and how petroleum activities take place and are able to have their say during the process, as well as knowing if an incident has occurred and what action is taken to address it.

“The approval process is detailed and thorough, but there are sometimes long periods between an area being made available for exploration, exploration occurring, and production commencing. These new measures will ensure information is readily available throughout this time.”

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