First time explorer AusGasCo gets green light to operate in Bowen and Surat Basin

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Image Credit: Queensland Government

With two new gas exploration permits in check, Brisbane-based AusGasCo CSG Pty Ltd will soon be exploring the world-class Bowen and Surat basins in Queensland. 

According to Minister for Resources Scott Stewart, the Queensland Government appointed the first time explorer and new entrant in Qld’s energy industry as preferred tenderer for two parcels totalling 114 square kilometres.

“Not only are we are doing all we can to get more gas in the market, but we are welcoming first time junior explorers to help bring more jobs and economic benefits to Queensland,” Stewart said.

In 2020, Queensland’s Palaszczuk Government opened 8,205 square kilometers for gas exploration to maintain “a pipeline of future resources projects” as part of an economic recovery plan. “These were sought after due to their proximity to existing gas pipeline infrastructure and processing facilities.”

“I commend the Government’s confidence in junior explorers, promoting near-term Queensland petroleum exploration and encouraging private investment in the sector,” said AusGasCo Chairman Frank Connolly.

“It will benefit the local communities and businesses of central Queensland, the Queensland energy market and the Queensland economy.

“The two tenures are complemented by their location next to a number of quality, producing coal seam gas fields with multiple domestic gas transmission pipelines nearby.”

The government also announced that it is investing $5 million on a feasibility study for a 500km gas transmission pipeline connecting the Bowen basin to both domestic and export markets.