Explorers come and stake your claim
Explorers have the opportunity to stake their claim on more than 7000 square kilometres of land in Queensland’s proven world-class Bowen and Surat Basins.
The 12 petroleum and gas exploration areas that are up for grabs are in prime spots located near infrastructure to get resources from the pit or gas from the well to Queensland’s export ports.
Two areas in the highly prospective Bowen Basin have been earmarked for metallurgical coal – a basin which is already the world’s largest exporter of seabourne metallurgical coal in the world.
Metallurgical coal plays a critical role in the renewables supply chain as it is avital component in the production of steel.
Explorers will also have the potential get more gas to Aussie businesses with some gas areas stamped for domestic supply only.
From September 2017 to September 2019 annual exploration investment in Queensland rose by 27 per cent.
For Queensland to remain a resources powerhouse and to meet the world’s demand for resources exploration investment is critical.
To keep exploration moving the Queensland Government has released a record 64,000 square kilometres in its previous three exploration programs.
Like its previous land releases the Government’s 2020 Queensland Exploration Program give explorers a clear line of sight so they can invest in confidence.
In the 2020 program the proposed tenders are scheduled to open for coal in March and petroleum in April, with land awarded to successful bidders by September 2020.
In the 12 months to November 2019, Queensland’s resources industry generated more than $70 billion in exports and directly employed more than 66,000 workers.
This exploration program release supports the building of the next pipeline of resource projects.
Further information about the 2020 Queensland Exploration Program can be found here.
A map of the 2020 Queensland Exploration Program can be downloaded from the DNRME media centre.
Last updated 10 February 2020