Opportunities and challenges in the Perth Basin
The Perth Basin in southwest Australia offers offshore and onshore opportunities, with a range of farm-in prospects available. Established offshore infrastructure could make further development of subsequent offshore finds easier. The basin's close proximity to the city of Perth also creates an easy domestic offtake option when compared to the only other onshore producing basin in Western Australia, the remote Canning Basin to the north. However, a recent government-imposed fracking ban in the southern Perth Basin, and a moratorium throughout the northern extent, has the potential to depress the already very low exploration levels as well as test government-operator relationships. Will non-geological factors stifle development of the Perth Basin or will someone harness the power of the next possible frontier?
Related resources
The Perth Basin - What do we know and what's to learn?
This article was published by S&P Global Commodity Insights and not by S&P Global Ratings, which is a separately managed division of S&P Global.