Queensland Opens Up Australia’s First Major New Oil Province in 50 Years

Oil exploration site 'the size of Singapore' opens up in Queensland

Three energy companies have been granted exploration rights for a huge site in Queensland, which could pave the way for Australia's first major oil find in 50 years.State Minister for Natural Resources and Mines Dale Last says the Taroom Trough, about 300km west of Brisbane, offered "serious potential to revitalise a domestic oil production industry"."This new exploration area is a critical step in boosting Queensland's domestic energy supplies…

Queensland Opens Up Australia’s First Major New Oil Province in 50 Years

The Queensland government has appointed its preferred tenderers to explore for oil and gas in the Taroom Trough, in a move to potentially open Australia’s first new major hydrocarbon province since the 1970s.   The Queensland government announced on Tuesday it is awarding exploration rights to Omega TN Pty Ltd, Tri-Star Stonecroft Pty Ltd, and Drillsearch Energy Pty Ltd to drill for oil and gas in the Taroom Trough exploration tenement, which is…

Qld’s Taroom Trough emerges as Australia’s new oil frontier

The area quietly attracted energy giant Shell years ago and is now drawing a growing crowd of local explorers.

'Red hot': Omega Oil & Gas heads up new international Taroom Trough JV

Omega Oil and Gas (ASX:OMA) is heading up an international joint venture that’s now preparing for major exploration at the “red hot” Taroom Trough in Queensland. A leading player in the trough, Omega (with a 45% interest and operatorship), is being joined by Australia’s Beach Energy (ASX:BPT) (at a quarter) and Houston-headquartered Tri-Star E&P Ltd (30%) in permits PLR2025-1 to nine. Listen to the HotCopper podcast for in-depth discussions and …

Omega Oil and Gas takes leading Taroom Trough role with more ground and major partners

Omega JV awarded 750km2 permit in Taroom Trough adjacent to 1046km2 operated acreage Partners Tri-Star E&P holds 30% and Beach Energy 25% in new PLR2025-1-9 permit Favourable conditions in wholly-owned acreage appear to extend into the new permit   Special Report: An Omega Oil and Gas-led joint venture has been granted 750km2 of ground in Queensland’s highly prospective Taroom Trough that is contiguous with its existing acreage. The addition of …

Joint venture snags major Taroom Trough tender

The State Government has awarded exploration rights for a Taroom Trough tenement about the size of Singapore in a move hailed as potentially opening up Australia’s first major new oil province since the 1970s. An Omega Oil and Gas-led joint venture including Tri-Star (operator) and Beach Energy (ASX:BPT) has been appointed as preferred tenderer to explore for gas and petroleum on PLR20251-9. The 750sq km site lies immediately north of existing O…