Three significant new oil and gas regions have been identified off Australia's coast, raising the potential for a wave of offshore exploration that could create booming new resources hubs around the nation.
A combination of new technology and the high price of oil has prompted the commonwealth's Geoscience Australia survey body to push technical limits and explore frontier areas in deep water, turning up startling new resource potential.
One of the regions, the South Australian end of the Great Australian Bight, has been opened for exploration and has already attracted strong bids ahead of the April 29 deadline.
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