The Northern Territory has a long history of oil and gas exploration and production. Discoveries of both onshore and offshore reserves have provided local economic opportunities, with future prospects set to further contribute to the economic and social development of the Territory.
The future of oil and gas in the Northern Territory is set to incorporate domestic processing and manufacturing. Increased investment in Darwin as a developing global export hub will also enable the development of prospective onshore gas resources and increased LNG exports.
We’ve outlined some of the key milestones for oil and natural gas development in the Northern Territory.