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Posted on 05/13/2026 7:04:00 AM PDT by SunkenCiv
It is too early to foretell the future production from the Arckaringa Basin. There are numerous steps before oil production can start. For example, a 300-kilometre pipeline to Port Bonython, or a spur to link the Arckaringa Basin to the existing Moomba-Port Bonython pipeline, will need to be built before any oil could reach the market. Crude oil storage and export capacity at Port Bonython will also have to be increased significantly to accommodate extra crude.
There is likely to be bipartisan support for shale oil production in South Australia. However the potential for carbon-intensive shale production in South Australia is likely to draw ire from vocal environmental activists and the Greens. The anti-mining activism in the cases of Olympic Dam uranium mine expansion in SA and coal seam gas mining in Queensland serve as important precedents and are likely to cause significant delays to the project.
Moreover, the future commercial viability of the project will largely depend on the global oil prices. If oil prices drop to below the level at which the Arckaringa Basin is exploitable this may make the project unviable. In the LNG market, long-term contracts with the buyers are modus operandi. They commit the buyer of LNG to purchase LNG at a largely pre-determined price for at least a couple of decades, thus offering safe returns to the investors.
However, the oil market does not operate on such long-term contract bases. The returns on massive investments in projects such as Arckaringa largely depend on the future direction of oil prices.
(Excerpt) Read more at theconversation.com ...
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Not if they have an insane climate change government
⛽
I suspect the biggest obstacle will be lefties in the government, who will fight any form of oil production tooth and nail.
Oh, no. It would require a 200 mile pipeline. That might take months to build. After all, it took the US almost 8 months to build the 1300 mile “big inch” pipeline in winter without modern heavy equipment.
Beer already fuels Australia.
Shocking and daunting isn’t it?
While we are at it, why not long term contracts for oil just like lng?
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