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Deep gas and oil framework
Queensland has potentially large deep gas and oil deposits including shale gas, shale oil, tight gas and basin-centred gas. These resources present significant opportunities for economic growth and employment, as well as regional development opportunities.
A framework for an emerging industry
The deep gas and oil industry is still in an exploration and appraisal stage and production is considered to be some years away. However, the Queensland Government is acting now to ensure we have the right regulatory framework to realise the potential of deep gas and oil resources for all Queenslanders.
- Read A framework for the next generation of onshore oil and natural gas in Queensland (PDF, 735.0KB)
- You can also read a summary document (PDF, 331.0KB).
The framework outlines the government's support for this industry, highlights the resource potential and the benefits it could bring to the state, and also describes Queensland's responsible regulatory framework.
Queensland has a comprehensive regulatory framework for the assessment and management of resource developments, which will manage any potential impacts from development of deep gas and oil resources. However, areas have been identified where improvements can be made to the current regulatory framework.
The framework contains 12 recommendations to grow the industry in a responsible way, including:
- provide greater tenure security for industry
- develop a Cooper Basin Industry Development Strategy
- review the regulation of hydraulic fracturing.
There are a number of reforms underway to improve the policy and regulatory settings for the resources sector so they can continue to contribute to Queensland's economic growth. Significant improvements have recently been made for oil and gas tenure holders by granting a two year extension to the duration of some tenures and allowing more flexibility for work program amendments.
The benefits of these reforms will mean resource companies can start work faster, tenures will be more flexible to meet company needs and reflect operating conditions, and service standards will be more transparent and predictable. This will enable the fast tracking of economic development in regional communities across the state.
Find out more
Read about the different kinds of deep gas and oil resources.