The CLP Government has reinforced its commitment to the development of the Beetaloo Sub-Basin as a world-class precinct critical to the Territory's economic development, and for domestic energy security.
Minister for Mining and Energy, Gerard Maley, recently visited the Beetaloo to inspect current operations by Tamboran Resources at its Shenandoah South site on Exploration Permit 98.
Mr Maley said the development of the Beetaloo Sub-Basin was an urgent priority of the CLP Government, saying it would create jobs, generate further private investment and build on the Territory's many competitive advantages.
"The Territory's gas is what will help rebuild the Territory's economy, and we have this resource here and ready to go," he said.
"It will underpin renewables, power manufacturing and importantly, contribute to Australia's energy security."
"My recent visit to Tamboran's operations gave me a first-hand view at the level of investment, technology and expertise that is being applied to the development of the Beetaloo."
Following successful flow results earlier this year at its Shenandoah South 1H (SS1H) well, Tamboran is now drilling the first of two wells, the Shenandoah South 2H (SS2H) well at a new location about 5km from the SSH1 well.
"Tamboran is currently building on the favourable results it received in April this year, with new flow results expected in 2025 which will provide definitive confidence for investors to unlock more potential at the Beetaloo," said Mr Maley.
"On the ground, I witnessed cutting-edge technology at the forefront of global innovation. There is significant work and planning being undertaken, and this will support the work of other operators in the fields such as Empire and Santos."
Treasurer Bill Yan said: "The CLP recognises the economic contribution of our resources sector, and we are committed to unlocking the enormous potential of the Beetaloo Basin to rebuild the NT economy.
"The Beetaloo Sub-Basin is projected to bring in $1 billion a year in gas revenue, and create between 6,000 and 13,600 new jobs over a 25-year field life," he said.
Tamboran has agreements with pipeline operator APA Group Pty Ltd for it to build a 35km pipeline from its Shenandoah South well sites, connecting the gas development area to the Amadeus Gas Pipeline.
This pipeline will enable gas from the Shenandoah sites to be transmitted to the Amadeus pipeline for commercial sale and is expected to be completed in 2026, subject to a range of conditions and approvals being met.
