Australia offers an opportunity for E&P companies to go beyond the United States Unconventionals
July 27, 2020
The abundance of resources and products with a legal and secure infrastructure makes Australia a good place for unconventional oil and gas exploration.
Around the technical meeting held by the Conference on Unconventional Resources (URTeC), the president Black Mountain, Samantha Richardson, Ashley Zumwalt-Forbesand VP of Commercial Operations stated that considering the growing price of acreage in the US, choosing a suitable place and investing there in the hope of a private-style return. It has become more difficult.
This has led the company to seek suitable jurisdictions abroad with lower acreage prices.
With operations in the United States, the United Arab Emirates, and Australia, part of the company’s organizational responsibilities is to engage in unconventional international affairs.
One of the first criteria for international migration is to have a region with large available resources and a history of pre-established activities.