Northern Territory Oil and gas opportunities in the spotlight

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Image: https://twitter.com/ntresourcesweek

Professionals from the international oil and gas industry have ventured to Darwin for this year’s South East Asia Australia Offshore & Onshore Conference (SEAAOC).

Northern Territory Oil and gas opportunities in the spotlight
Image: https://twitter.com/ntresourcesweek

“The Territory has cemented its place on the international resources stage and it’s great to see so many oil and gas players coming to Darwin to discuss the opportunities that are on offer. More than 1000 industry representatives from around the globe are attending, boosting the local economy and attracting the kind of trade and investment that we need to develop Northern Australia,” Chief Minister Adam Giles said.

According to a Media Release, by NT, the SEAAOC is Northern Australia’s largest and oldest petroleum conference. Running parallel with the Mining the Territory Conference as well as the inaugural Building the Territory Conference in the Darwin Convention Centre. Together, these events form NT Resources Week.

“All eyes are on the Territory as it rapidly builds a reputation as a major onshore gas processing hub. ConocoPhillips’ Darwin LNG plant is now an established feature of the economy, while the massive Ichthys project is fast taking shape at Bladin Point.” Mr Giles said.

This week, Mr Giles officially opened the new Marine Supply Base at East Arm, which is set to help Darwin secure a bigger slice of maintenance and logistics work for offshore projects.

Minister for Mines and Energy, Willem Westra van Holthe, said that the interest in the Territory was such that the NT Resource Week organisers had to increase the number of available exhibition spaces to cater for the increased demand.

“This interest reflects the strength of the Territory economy and is a sign of the current confidence local, interstate and international investors have in the Territory as a business destination,” Mr Westra van Holthe said.

“In the Territory we are starting to develop our massive reserves of onshore gas and exploring the options for gas pipelines that could deliver Territory natural gas to the energy hungry southern markets.The opportunities in Northern Australia are enormous and NT Resources Week is a fantastic opportunity to show investors that the Territory is open for business,” he added.