24 Aug 2021
Media release: Beetaloo Interim Report
The voice of the Australian oil and gas industry said developing the Northern Territory’s substantial gas resources in the Beetaloo Basin could create up to 6,300 new long-term jobs.
APPEA NT Territory Director Cassy Schmidt said the Beetaloo is only in the exploration phase but if it is found to be economically viable will mean thousands of jobs for the Territory and will help lower emissions around the world.
“A Deloitte study says the Beetaloo could potentially provide 6,300 full time jobs, a $1b Increase in revenues projected to the NT Government over the period 2020-2040 and $22.4b in economic growth in the Territory (measured by Gross Territory Product) between 2020 and 2040,” Ms Schmidt said.
“According to Geoscience Australia, the ‘best estimate’ of prospective shale gas resources in the NT is approximately 275,211 Petajoules – or 259.7 Trillion cubic feet – equivalent to almost 300 years of Australian domestic gas demand.
“The economic benefits of developing the Beetaloo will flow to Darwin, Katherine and regional communities as well as a future self-generating revenue stream by way of royalty payments to the Northern Territory government.
“Australia’s oil and gas industry is committed to employing and training local Aboriginal people and procuring goods and services from Aboriginal owned and operated businesses.
“The gas industry has a demonstrated track record of safe, sustainable operations throughout Australia, which is supported by the many robust regulatory frameworks industry complies with across states and territories.”
Read the media release