Western Australia is the powerhouse of the resources industry, not only for Australia but for the Asia-Pacific region as a whole.  Production from more than 250 mines and 35 petroleum operations exceeded US$25 billion last year – roughly 40 per cent of Australia’s total output of minerals and petroleum.

Western Australia is still considered to be under-explored and warrants considerable follow-up investigation by geoscientists.  Explorers and other investors are able to operate in a low sovereign risk environment in association with pro-development government policies.

Some of the targets for frontier discoveries in Western Australia are huge.  For example, while many petroleum speculators in Texas are presently targeting wells with reserves of just over 100,000 barrels, in Western Australia there are several unexplored onshore areas that offer billion barrel-plus potential.

Enormous potential also exists for the development of petrochemical and other world-scaled downstream processing industries using the State’s vast uncommitted gas reserves as an input.

For further information go to www.doir.wa.gov.au.