While many controversies surround fracking in Beetaloo Basin, it is easy to forget that ultimately, gas reserves fracking in Beetaloo is not illegal.
The Beetaloo Basin, which is rich in shale gas and oil, has the potential to provide up to $1 billion worth of investment in the Northern Territory and could provide up to 6,000 jobs in the area, something needed after post-pandemic.
Regulations
Fracking in the Beetaloo Basin is highly regulated by laws and regulations on the fracking industry as a whole. Currently, there are 135 stated recommendations that reduce the risk of any environmental damage by the fracking industry, and the regulations are assessed by the NT Environment Protection Agency.
Gas development should not come at the expense of the environment, so the oil industry follows strict codes of practice for well integrity as well as wastewater management frameworks and water licensing.
Government Support
Fracking in the Beetaloo Basin is fully legal, with the Northern Territory government supporting exploration plans in the Basin. During 2018, the NT government reached out to the Federal government to partner with offsetting any additional emissions caused by the fracking industry, which has fully supported the legal process of fracking in the area.
The Australian Petroleum Production and Exploration Association is fully compliant with the recent additional oversight and is confident that the legal fracking of shale oil will provide a boost to the local economy. In addition, the Association is monitoring the fracking industry to ensure that no illegal fracking procedures occur in the Beetaloo Basin.
The Beetaloo Basin, which is rich in shale gas and oil, has the potential to provide up to $1 billion worth of investment in the Northern Territory and could provide up to 6,000 jobs in the area, something needed after post-pandemic.
Regulations
Fracking in the Beetaloo Basin is highly regulated by laws and regulations on the fracking industry as a whole. Currently, there are 135 stated recommendations that reduce the risk of any environmental damage by the fracking industry, and the regulations are assessed by the NT Environment Protection Agency.
Gas development should not come at the expense of the environment, so the oil industry follows strict codes of practice for well integrity as well as wastewater management frameworks and water licensing.
Government Support
Fracking in the Beetaloo Basin is fully legal, with the Northern Territory government supporting exploration plans in the Basin. During 2018, the NT government reached out to the Federal government to partner with offsetting any additional emissions caused by the fracking industry, which has fully supported the legal process of fracking in the area.
The Australian Petroleum Production and Exploration Association is fully compliant with the recent additional oversight and is confident that the legal fracking of shale oil will provide a boost to the local economy. In addition, the Association is monitoring the fracking industry to ensure that no illegal fracking procedures occur in the Beetaloo Basin.
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