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Latest approval of oil search subsidy payments



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LATEST APPROVAL OF OIL SEARCH SUBSIDY ■

' p a y m e n t s · "

Statement by the Minister for National Development, Senatoi*· the Hon. W.H. Spooner, M.M.

,.··, During July, August. and^.Sept ember, 1962, I approved ■ ' \ v 1 '

twenty-nine applications for subsidy uhder the Petroleum Search Subsidy Act 1959-1961. Eleven approvals were for

drilling operations and 'eighteen werte for geophysical surveys.

These approvals with the maximum "permissable amounts ί

payable, are as follow^ S- ■

Stratigraphic, Drilling ·

tifnion Oil Development Corporation and Associates, Burunga No.1 Queenslande

Exoil (N.S,W,) Pty.Ltd,, Kurrajong ".. Heights No,1, New South Wales.

Planet Exploration 0oo Pty. Ltd., East Maitland No. 1, New South Wales.

Associated Australian Oilfields N«L„ and ■ Associates, Penrith No. 1, Queenslande

Associated Australian Oilfields N.L, and Associates, Kooringa No. 1, Queensland,,

West Australian Petroleum Pty. L td,, Jurien No„l, Western Australia

Phillips Petroleum Co, and Sunray DX Oil Co, Kogan N o 0l, Queensland. .

« , Drome-Broken Hill Co. ■ Pty. Ltd ..Pretty. Hill No, 1, Victoria.

T est Drilling ■

West Australian Petroleum Pty, Ltd Langoora No,l, Western Australia. ° ?

Associated Australian Oilfields N 0L o and ' Associates, Pleasant Hills No 0l, Queensland

Off-Structure Drilling

Woodei.de (Lakes Entrance) Oil Co. N.L. and ' Associates, Bair ana Id No,.l, New South Wales v

Seismic Surveys

Woodside (Lakes Entrance) Oil Qo9 N # L 9 Bundy and Lake Boga areas, Victoria and New South Wales ' ■ · '

Phillips Petroleum Co, and Sunray DX Oil Company, Quilherry Creek area, Queensland.

£ 95,750

£ 83,150

£ 55,817

£ 20,845

£ 8,425

£ 54,707

£ 18,943

£ 101,268

£40,585

£ 9,306

£ 7,040

£ 2.3,350

£30,904 .

Phillips Petroleum Co. and Sunray DX Oil Co., Pleasant Creek area, Queensland, £23,883

Phillips Petroleum Co,, and Sunray DX Oil Co,, £ 6,447 Kumbarilla area, Queensland. . ·

L.H. Smart Oil Exploration Co."Ltd., Nowra and Coolah areas, New South Wales.

Oil Development- N. L* f. Bathurst Island. Northern Territory, '

£22,500

£11,898

■/}.4 ■ . ; · ■ ■ : ■

OC 3ί /2

Associated Australian O i l f i e l d s . L „ and Associates, Roma-Mount Abundance area, · Queensland, · '

American Overseas Petroleum Ltd,>Blackall« Mitchell area,, Queensland,

West Australian Petroleum PtyQ L t d , , South cirea, Western Australia.

- 2 -

Woo3.mul.la

West Australian Petroleum Pty.„ Downs area, Western Australia. Ltd,, p Laurel

West Australian Petroleum Pty„ Ltdo'» Quail Anticline area. Western Australia I

Seisimic and Gravity Survey

Beach Petroleum N„L« and Hackathorn Oils Ltd Loxton area, South. Australia

A eromay^etic Surreys

Delhi Australian Petroleum L td,, and Santos L t d , , Gulf of Carpentaria, Queensland, ■ Northern Territory and Papua ■

o 9

41,690

44,822

£ 22,096

£ 45,457

£ 27,954

£ 18,750

£ 15,239

18,128

Mid-Eastern Oil N*L» and Wood-side (Darlj.ng River) Oil Co» E t y 0 Ltd,, Yanta'bv.lla a r e a , New South r Wales

Mid-Eastern Oil N„L», Karumba area, Queensland, £ 7,414

£ 20,350

gravity Surveys

West Australian Petro3.eum Pty, Ltd», Laurel Downs and Virgin Hills area,, Western Australia,

Delhi Australian Petroleum Ltd,, and Santos Ltd,, Alton Downs area, South Australia and Queensland» £22,056

United Canso Oil and Gas L t d , , and Magellan Petroleum Corp- Mereenie Anticline area, Northern £ 1,305 Territory ' .

During the period I also approved one application for

additional subsidy, as follows , '

Seismic Survey . '

Union Oil Development Dorp* and Associates, Goovdiwandi— 5tr, George area, Queensland and New South W a l e s , .

.The total maximum subsidy involved in these latest approvals‘is -

£84,445

£954,524

CANBERRA October 25 f 1 9 6 2 - Pc Mr.