We are early in the exploration phase and we do not know if there is oil or gas present. Our planned drilling activity is short and so there are limited opportunities for contractors at this early stage.
The best way to understand the potential benefits is to look at places where big discoveries have been developed. The Bass Strait oilfields near Melbourne and the North-West Shelf in Western Australia are two good Australian examples.
Norway is another good example where oil and gas projects have yielded great benefits for the wider community. It is important to recognise that other industries including fishing and tourism continue to flourish in Victoria, Western Australia and Norway alongside, and much closer to, oil and gas developments.
Australia and the future of energy
Energy is at the root of all aspects of modern society: heating, transportation, housing, lighting, food, health, education, resources for industry. In other words, the world needs energy.
Our aim is to convert natural resources into energy for people and progress for society — and in the next 20–30 years, hydrocarbons will remain a necessary part of the solution, alongside increased renewable energy investments.