Australia's oil and gas industry has welcomed the Northern Territory Government's new draft Code of Practice for regulating onshore gas exploration in the Beetaloo sub-basin.
The Code of Practice was released for public consultation on April 4 as part of the Territory Government's implementation of the 135 recommendations from the Independent Scientific Inquiry into Hydraulic Fracturing.
The draft Code has been developed by technical working groups including the Government's regulatory inspectors and engineers working closely with CSIRO scientific staff. (we involved as well?)
APPEA's Matt Doman said this regulatory process has been measured and was not rushed.
"The industry has lost three years of activity to the moratorium and its resolution, so I don't think this process has been rushed," Mr Doman said.
"The priority now is to move forward with gas exploration that will benefit the Territory and provide jobs and investment."
The industry hopes to start exploration in July this year.
Watch a TV news video about the announcement https://bit.ly/2HYNteO
