Minister for Mineral Resources and Energy Tom Koutsantonis told delegates at the Australian Pipeline Industry Association's annual convention that figure did not include potential exploration expenditure in the state's offshore Otway and Bight basins.
“Exploration activity for oil and gas represents an enormous boon,” he said.
“We already have the infrastructure, the pathways to markets both here and interstate and the world's best regulatory environment – regulation that continues to give companies here the certainty they are being denied in other jurisdictions.”
He
