Tamboran pursues Northern Territory gas ambitions
The Beetaloo Basin is a gas-rich shale play
ASX-listed independent Tamboran Resources holds significant shale gas resources in Australia’s Northern Territory (NT) and plans to supply both the global LNG market and the country’s populous east coast. Managing director and CEO Joel Riddle spoke with Petroleum Economist about his company’s intent to develop a large-scale gas business in the Beetaloo Basin, as well as the wider regulatory and political environment in Australia. How do you intend to reach your stated goal of producing 1.5bcf/d by 2030? Riddle: We plan to deliver a 1.5bcf/d gas business by the end of the decade, which will be undertaken in three phases. The first phase is a 40mcf/d pilot development aiming to support the loc
Also in this section
26 April 2024
While the US has been breaking records for its premium grade crude, there are doubts over whether you can have too much of a good thing
26 April 2024
Slowing demand growth and capacity expansions will squeeze refiners in coming years
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields