Australian shale gathers steam
The sector may still be in its infancy, but the industry’s prospects have improved rapidly over the last six months
Sydney-based Empire Energy is the latest developer to announce positive news from the Northern Territory’s (NT’s) Beetaloo sub-basin, revealing in mid-February a significantly increased resource estimate at its wholly owned exploration permit (EP) 187, following fresh analysis of data from the Carpentaria-1 well. The three drilling programmes in the Beetaloo, the focus of Australia’s shale oil and gas development efforts, have each yielded promising results so far, potentially justifying the federal government’s faith in the region. Empire says a review of the well data by consultancy Netherland, Sewell & Associates found that reservoir properties and shale pay thickness exceeded pre-dr
Also in this section
19 April 2024
Cairo’s currency problems have hindered investment, but Pharos sees considerable potential as Egypt emerges from crisis
18 April 2024
The Norwegian energy company is concentrating its efforts on specific regions and assets that meet strict cost and carbon criteria
17 April 2024
Uzbekistan and Kazakhstan provide opportunities after Europe turns it back, while also offering another gateway to China
16 April 2024
Commentators need to shake off the myths of the past, with rising oil prices a boon for US economy