The Beetaloo Sub-basin has the potential to be a world-class gas province.
Estimates of the gas resource in the region vary but the results from preliminary exploration are encouraging. The NT Government estimates that there are over 200,000 PJ of gas in place in the region in the NT Geological Survey Record 2017-003.
Not all of this gas will be recoverable. However, even at a very conservative recovery rate of 10% this is more than ten years’ worth of domestic gas demand. This resource would be capable of servicing a range of markets for decades into the future.
Results to date also show the presence of liquids-rich gas and potential oil resources.
If present in sufficient volumes, these liquids improve development prospects by providing additional revenue streams for producers.