Ministerial Statement Environmental Impact Assessment of a Proposed Liquefied Natural Gas Plant Hon. Mike Reed Minister for Lands Planning and Environment dated 20 November 1996
Tabled Paper 2838
Tabled Papers for 7th Assembly 1994 - 1997; Tabled papers; ParliamentNT
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THE EXPLORATION INTEREST IN THE GEOLOGICAL STRUCTURE KNOWN AS THE DARWIN OR SAHUL SYNCLINE REACHED NEW HEIGHTS IN 1995 WITH THE DISCOVERY OF THE BAYU-UNDAN OIL AND GAS FIELD - THE WORLDS LARGEST DISCOVERY OF GAS FOR THAT YEAR. WITH AN ESTIMATED 1.79 BILLION BARRELS OF OIL EQUIVALENT, THE BAYU-UNDAN FIELD HAS BEEN COMPARED WITH SOME OF THE MOST SIGNIFICANT BASS STRAIT DISCOVERIES OF THE 1960S AND 70S. MY COLLEAGUE, THE MINISTER FOR MINES AND ENERGY WILL PROVIDE MORE DETAIL ON THE DISCOVERIES TO DATE IN HIS CONTRIBUTION TO THIS DEBATE. WITH THE DISCOVERY OF THE BAYU-UNDAN FIELD, PHILLIPS PETROLEUM ANNOUNCED THAT IT WAS INVESTIGATING THE FEASIBILITY OF AN LNG PLANT AND SUBSEA PIPELINE TO DARWIN. SINCE THEN, THE COMPANY HAS BEEN IN CLOSE CONTACT WITH THE TERRITORY GOVERNMENT AND ITS AGENCIES IN AN EFFORT TO FURTHER DETERMINE THE TECHNICAL AND FINANCIAL VIABILITY OF THE PROPOSAL. AS A RESULT OF THESE INVESTIGATIONS, I AM PLEASED TO ANNOUNCE TODAY THAT PHILLIPS PETROLEUM HAS 2
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