Unlocking the next wave of Australia’s natural gas resources

Abstract

Australia has no shortage of natural gas resources. Unlocking the wealth of those resources for future generations of Australians is our challenge. On the east coast, manufacturers are crying out for more natural gas supply and support the development of the Narrabri Gas Project to meet their demand and support jobs. In the Northern Territory, we have worked with the government on a new regulatory regime for exploration to enable the drilling of exploration wells in the McArthur Basin – the largest and most promising shale gas opportunity in Australia. As we navigate the future, Santos can rely on a proud and productive past. For more than 60 years we have been caring for the unique environments and precious water resources of the Cooper Basin in Queensland and South Australia. Oil and natural gas from the Cooper Basin has been powering Australia for decades, with thousands of wells safely drilled. Santos has got production growing again in the Cooper, which has resources of almost 300 million barrels of oil equivalent. Preparing for a lower carbon future, the Cooper Basin is also where Santos is this year spending $50 million in projects to reduce our carbon footprint, including deployment of solar energy, waste heat recovery at Moomba and appraisal of carbon capture, utilisation and storage.

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