Geological Survey of Queensland...Geological Survey of Queensland An overview of state and federal...

Geological Survey of Queensland

An overview of state and federal petroleum geoscience initiatives

June 2016

Tony Knight

Chief Government Geologist

State & federal petroleum geoscience initiatives

Relationship to GSQ business drivers

Investment Attraction

Prospectivity

Promotion

Partnership

People

Performance

Protection

State & federal collaboration:

• Prospectivity

• Promotion

• Partnership

• Dept of Industry, Innovation and

Science (DIIS)

Industry Growth Centres

• COAG Energy Council

• Australian Competition and Consumer

Commission

State & federal petroleum geoscience initiatives

Federal initiatives – key agencies

State & federal petroleum geoscience initiatives

DIIS - Domestic Gas Strategy

• Unconventional gas focus

• Identifies 9 key activities promoted by

federal government, with expectation for

state support

• Focus areas – technical, economic,

regulatory reform, social , environmental

• Geoscience focus area

“Improving access to geo-scientific

precompetitive data to understand

our resources and attract

investment”

• Delivery through Geoscience Australia

State & federal petroleum geoscience initiatives

DIIS - Geoscience Australia

Basin studies• Unconventional gas prospectivity of

the Cooper Basin

• Comprehensive data compilations on

all Queensland basins

Information portal• Links to all Australian State & Territory

geoscience agency websites

Lead agency to deliver Exploring

for the Future

May Federal Budget

announcement for $100.5M

over 4 years

Focus areas

• Energy (petroleum)

• Minerals

• Groundwater

Petroleum $28M

Qld energy activities

• South Nicholson Basin

• Seismic – 2018/19

• Drilling – 2019/20

State & federal petroleum geoscience initiatives

DIIS - Exploring for the Future

State & federal petroleum geoscience initiatives

DIIS - Industry Growth Centres

• $248M funding over 4 years (2015/16 – 2018/19)

• Six industry sector focus areas, 2 relevant to petroleum

Oil, Gas & Energy Resources – delivered though National Energy

Resources Australia (NERA) – based in Perth

Mining Equipment, Technology & Services – delivered through METS

Ignited – based at QUT Brisbane

Council of Australian Governments

• Peak intergovernmental forum in Australia

• Includes 8 councils, Energy Council relevant

Strategic priorities

• Land access and community engagement

• Gas resources development

• Regulatory efficiencies

• Geoscience and resources investment

• Research, technologies and innovation

Government Geoscience Information

Committee

• Strategic and technical direction on geoscience

information, overseen by Geoscience w/group

State & federal petroleum geoscience initiatives

COAG Energy Council

State & federal petroleum geoscience initiatives

COAG - Upstream Petroleum Resources working group

Established to address national priorities • upstream petroleum administration & regulation

• issues impacting on investment - land access,

community, infrastructure and labour

Gas resource strategy development

Sub-committees • Petroleum data consultative group

Annual report on unconventional gas industry

(2013, 2014, 2015)

• Petroleum, Geothermal & Gas Storage Registrars’

Forum

• Resource Royalties Network

State & federal petroleum geoscience initiatives

COAG Energy Council (cont.)

Gas Supply Strategy – key opportunities

• “Improving information on gas reserves and

production potential”

• “Improving public availability and accessibility of

rigorous science and factual information”

• “Consideration of leading practice regulatory

frameworks that effectively manage the risks

and address issues”

• “Supporting leading practices in industry”

Gas Supply Strategy Implementation Plan• Industry consultation in progress

State & federal petroleum geoscience initiatives

COAG Energy Council (cont.)

Promotion

• Joint national and state collaboration to promote petroleum potential

• Work cooperatively as Australia Petroleum

• Attend major events – e.g NAPE (Houston, U.S)

• Coordination with Austrade

State & federal petroleum geoscience initiatives

ACCC East Coast Gas Inquiry

• An inquiry into east coast natural gas

markets, reported April 2016

• Considered a wide range of factors

influencing gas supply and market

dynamics

• 13 recommendations, two relevant to

geoscience (Rec 6 & 7) Reporting of reserves on standard price

assumptions, and reporting of resources

Data reporting to be standardised &

shared “Improved price information would

promote competitive bargaining”

“There is a lack of transparency

around reporting of reserves and

resources in the east coast gas

market”

State & federal petroleum geoscience initiatives

State geoscience – future directions

• Prospectivity

Queensland exploration strategy

Alignment to ‘Gas supply and demand

action plan’

Exploration – regional surveys, analysis &

collaborative programs

Support federal 'Exploring for the future’

program

Geoscience data optimisation

Annual Exploration Plan – land release

State & federal petroleum geoscience initiatives

State geoscience – future directions (cont.)

• Promotion

Investment attraction strategy

Australia Petroleum

Resources investment Commissioner

Ministerial visits

• Partnership

Industry

NERA

Geoscience Australia

Research institutions

• Reform

Tenure reform project

Industry reporting reform project

Manage data

• Standards

• Technology

• Integration

• Continuous

improvement

Acquire data

• Industry

• State

• Federal

Promote Queensland’s prospectivity

Cumulative value

Apply data

Identify prospective land

• Regional geological

• Basin prospectivity

• Formation plays

Protect prospective land

• Key resource areas

Sponsor and fund new exploration• Collaborative Exploration Initiative

• Industry Priority Initiative

Provide geoscience data

Stewardship of the State’s mineral and energy resources for the benefit of all Queenslanders

Core data and information services Industry enhancement services

State & federal petroleum geoscience initiatives

GSQ value stream