Energy giants BP and Chevron will invest a combined A$116.5-million in oil and gas exploration activities in Australia, with at least half directed to projects in South Australia with a view to increasing energy supplies in the state and south-eastern Australia.
Minister for Resources Matt Canavan and South Australian Minister for Energy and Mining Dan van Holst Pellekaan were both party to a Good Standing Agreement negotiations with the two energy majors, after their decisions to cease petroleum exploration in the Great Australian Bight.