Strong year ahead as Mid West oil and gas projects gather momentum
An estimated $23 billion is expected to e projected into the WA oil and gas sector which is leading to predictions of a strong year for the Mid West resource sector- regardless of the presence of Covid-19 at a Yalgoo mine site.
Claire Wilkinson, director of Australian Petroleum Production and Exploration Association WA has highlighted a number of projects from Mingenew to Cataby as prime examples of a large industry investment. She claims that this investment is likely to result in setting up Australia as a clear standout region alongside the Middle East.
“It was a fantastic year and we look forward to more investment in WA and the Mid West in 2022 that will help create more local jobs, support the community and secure our cleaner energy future,” she said.
Projects that have broken ground include the Mitsui E&P’s $768 million Waitsia Gas Project in Dongara which is now in stage two development, Mineral Resources’ Lockyer Deep 1 project near Mingenew and Strike Energy’s Walyering-5 site near Cataby.
“Last year was a strong year for the natural gas industry, particularly in Western Australia, including the Mid West thanks to our significant resources and the ongoing demand for gas. The strength of the investment pipeline underscores the demand and long-term role of natural gas in powering our homes, hospitals, mines and businesses,” Ms Wilkinson said.