Australia holds opportunity

摘要

Australia's energy offerings are plentiful - conventional, unconventional, offshore, and onshore - but cost concerns remain a challenge in meeting future energy needs. Resource-rich Australia has a solid list of positives when it comes to attracting energy companies - a stable regulatory regime, a skilled workforce, infrastructure in most places, onshore and offshore opportunities, and close proximity to energy-hungry Asia. Add these to the 25 Tcm (819 Tcf) of identified, potential, and undiscovered gas and 1,264 MMbbl of crude oil the country is believed to hold based on estimates from the Australian Petroleum Production & Exploration Association (APPEA), and it is no wonder that oil and gas companies are drawn to the country.