• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 9 days Does Toyota Know Something That We Don’t?
  • 3 days America should go after China but it should be done in a wise way.
  • 9 days World could get rid of Putin and Russia but nobody is bold enough
  • 11 days China is using Chinese Names of Cities on their Border with Russia.
  • 5 hours Even Shell Agrees with Climate Change!
  • 11 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 12 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 1 day Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 3 days How Far Have We Really Gotten With Alternative Energy
  • 12 days Putin and Xi Bet on the Global South
  • 12 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
Charles Kennedy

Charles Kennedy

Charles is a writer for Oilprice.com

More Info

Premium Content

BP Faces Another Setback In Plans To Drill Pristine Australian Coast

BP’s controversial plan to drill in one of Australia’s unique ecosystems hit another snag this week.

BP is hoping to drill in the Great Australian Bight, a stretch of coastline in Australia’s south that is home to whales, sea lions and other wildlife. But Australian regulators delayed the British oil giant’s efforts once again, ruling this week that BP needs to provide more information on its oil spill response plan before it is allowed to move forward.

The move could be a small delay, however. It is not seen as a major setback and does not necessarily mean that Australian regulators are any closer to approving or rejecting the drilling plan. BP has a month to submit more information, the third time that regulators have requested a more detailed plan.

For BP, the Great Australian Bight represents one of the last major potential sources of unexplored oil in the world. BP says the geology could be similar to the Mississippi Delta, where the industry has been producing for years. BP has a slick video on its website trumpeting the opportunity in the Great Australian Bight.

“This is really exciting. This is a frontier basin, and by that we mean it isn’t a discovered basin like the Northwest Shelf of Australia where there’s lots of operators and lots of wells and lots of discoveries and production being made,” Bryan Ritchie, VP of BP’s Exploration Asia Pacific unit, said in the company’s promotional video. “This is…had a couple of wells in the basin and we don’t think those wells went deep enough to test the potential of this basin.”

But environmental groups say that any spill response plan would be inadequate, and that no drilling should be allowed, especially given BP’s track record. “The risks posed by this project to the environment and the economy of coastal communities across southern Australia are simply too great,” Peter Owen, the director of the Wilderness Society in South Australia, said in a statement. “The time has come for this project to be terminated once and for all,” he said.

By Charles Kennedy of Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment
  • Wommera on September 28 2016 said:
    GDay, Try drilling on a floater when there are 9m waves between May and September. I saw one once in March. They are a constant in July.
    Regards, Woomera

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News