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SA ranked one of the most attractive oil regions in the world

The annual Fraser Institute Petroleum Survey ranks 97 global energy jurisdictions by perceived petroleum industry investment attractiveness and policy perception, and has shown an oil and gas industry divided in its view of Australia.

South Australia was ranked as one of the top 10 attractive investment regions for the petroleum industry globally.

An industry head said  South Australia’s Plan for Accelerating Exploration (PACE) scheme to explore and develop the state’s gas resources was a world leader.

“South Australia successfully ensures that government is accessible and willing to respond to issues in a practical manner,” the source said.

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