The South Australian government announced successful tenders for five oil exploration projects.
Van holst pellekaan, The Minister of Energy and Mines believes that these five licenses are a guarantee work plan that will be worth $ 58.85 million in the next five years
According to van holst pellekaan: South Australia intends to compensate for the damage resulted from the widespread covid-19 disease by conducting oil explorations.
Otway Basin oil exploration licenses are granted to joint ventures Beach Energy and Cooper Energy, both of which are experts in Otway, explorers and manufacturers. The project will have promising results for the southern Australian state.
Given the flexibility of Australian exploration companies, it is clear that they are looking to return to business as quickly as possible.
The foreign minister, described the successful tenders as well as five years of planning for oil exploration, the adequacy of the companies’ financial resources besides their expertise and ability in their commitments.
