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30TH MARCH 2017
BY: ESMARIE SWANEPOELCREAMER MEDIA SENIORDEPUTY EDITOR:AUSTRALASIA
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AppeawelcomesSenatecommittee’srejection ofGreatAustralianBightProtection Bill
ERTH (miningweekly.com) – TheAustralian Petroleum Production andExploration Association (Appea) has
welcomed the Senate committee’s rejection of aBill seeking a ban on oil and gas activities in theGreat Australian Bight.
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Appea welcomes Senate committee’s rejection of Great Austra... http://www.miningweekly.com/article/appea-welcomes-senat...
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Great Australian Bight Protection Bill 2016, recommendingthat it should not be passed.
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The committee warned that the new legislation will createregulatory uncertainty and that Australia’s reputation as aninvestment destination for oil and gas companies would beseverely damaged by the Bill.
The committee noted that, despite the concerns raised by theBill that the Great Australian Bight was at risk from oil andgas operations, it believed the protection offered by thecurrent regulatory regime was adequate.
Appea director for South Australia Matthew Doman saidon Thursday that it was pleasing that petroleum explorationin the Great Australian Bight continued to receive bipartisansupport.
“The committee has made a sensible and responsiblerecommendation which should be accepted by the Senate.
“As the committee notes, revocation of permits would lead tothe loss of Australian jobs and the cancellation of contracts bycompanies that have already spent more than A$200-millionin exploration in the Bight since 2011,” Doman said.
“The uncertainty created by such actions would severelydamage Australia’s reputation as an investment destinationfor oil and gas.”
Doman noted that the committee was also right to backAustralia’s independent regulator, the National OffshorePetroleum Safety and Environmental Authority (Nopsema),which has been in operation since 2012.
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management, and appropriate community consultation.
“One of Nopsema’s strengths is its regulatory independence,something that would be severely compromised if the Greens’Bill was passed.
“With proper regulatory oversight, there is no reason a safe,sustainable offshore petroleum industry should not bepossible for South Australia, as it has been in Victoria andWestern Australia for several decades.
“The economic benefits are potentially enormous. While it isvery early days, success in the Bight would attract investmentto South Australia and see significant local job creation.”
EDITED BY: CHANEL DE BRUYNCREAMER MEDIA SENIOR DEPUTY EDITOR ONLINE
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