South Australia has rated in the world’s top three places to explore for oil and gas in a newly released global survey by the Fraser Institute in Canada.

The respected public policy think tank asks petroleum industry executives each year for their views about barriers to investment in jurisdictions around the world and compiles the results into a policy perception index.

The 2017 survey of 333 respondents rated South Australia as the third-most attractive place for petroleum investment out of 39 jurisdictions with small reserves, behind only Kansas and Saskatchewan.

By contrast, Victoria and the Northern Territory ranked second-last and third-last respectively. Western Australia ranked 18th, while Queensland was well down the order in 29th position.

South Australia’s strong showing also contrasted with deteriorating views about investment in Australia’s offshore areas, which are under Commonwealth control. Offshore Australia ranked 38 out of 97 jurisdictions, compared to 26 last year.

CEO of Adelaide-based advisory firm EnergyQuest, Dr Graeme Bethune, said the results were a big endorsement of the state’s energy policies and regulatory regime.

“South Australia and Queensland are the only states now without bans or moratoria of some kind of gas exploration and development. This survey shows that international companies take notice and it shapes their ideas about where to invest.”

“South Australia stands even higher than Queensland in the survey because of its first-rate regulatory regime and support for investment, which has included this year’s PACE Gas initiative.”

Related news & editorials

  1. 20.03.2018
    by      In
    The NSW Government has announced a one-off package of up to $47 million to help local government and industry to respond to China’s National Sword policy.
    The announcement came from Environment Minister Gabrielle Upton, who said: “NSW has a strong kerbside recycling system and the Government,... Read More
  2. 20.03.2018
    by      In
    AMTIL will be using its presence at NMW to set the scene for a busy events programme over the coming year.
    AMTIL has a long-standing relationship with NMW, having colocated its own Austech exhibition with NMW for many years, and continuing to do so every second year in Melbourne. AMTIL’s... Read More
  3. 20.03.2018
    by      In
    A local  cosmetics brand called Australian Creams has topped a list of the most trusted national name among mainland Chinese consumers, according to a new index from Monash University.
    The brand, owned by family-run G&M Cosmetics and based in Sydney’s Sutherland Shire, was ranked above big-name... Read More
  4. 20.03.2018
    by      In
    NSW's rail expansion has been met with issues up and down the supply chain, but one of the earliest was the revalation that new trains were built too wide to safely fit through existing tunnels in the Blue Mountains. 
    Now, alongside prepared plans to alter existing tunnels, platforms, and stations... Read More