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Home›Green Marine›Australia Backs Offshore Oil Exploration
Green Marine

July 16, 2006 · about 20 years ago

Australia Backs Offshore Oil Exploration

Australia will aim to meet the rising global demand for oil by encouraging greater offshore exploration, Prime Minister John Howard said Monday. “While known oil reserves are declining, Australia remains relatively unexplored, particularly for petroleum in frontier offshore areas,” Howard told an en

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Australia will aim to meet the rising global demand for oil by encouraging greater offshore exploration, Prime Minister John Howard said Monday.

“While known oil reserves are declining, Australia remains relatively unexplored, particularly for petroleum in frontier offshore areas,” Howard told an energy conference in Sydney. “Encouraging further exploration is a high priority for the government.”

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