Equinor has abandoned oil-drilling plans in the Great Australian Bight - so what’s next?

Tina Soliman-Hunter, Madeline Taylor

Research output: Contribution to specialist publicationArticle

Abstract

This week’s decision by Norwegian company Equinor to abandon a A$200 million plan to drill for oil in the Great Australian Bight surprised both its critics and backers.

Equinor says it abandoned the project off the remote South Australian coast because it was not “commercially competitive”.

But the plan was flawed from its inception. It was out of step with the investment community’s reduced appetite for frontier fossil fuel exploration, and growing concern about financial exposure to carbon risk. A broad section of the community opposed it on environmental grounds, including the potential for a possibly catastrophic oil spill.
Original languageEnglish
Specialist publicationThe Conversation
PublisherThe Conversation UK
Publication statusPublished - 27 Feb 2020

Keywords

  • Oil
  • Marine ecosystems
  • Offshore oil drilling
  • Equinor

Fingerprint

Dive into the research topics of 'Equinor has abandoned oil-drilling plans in the Great Australian Bight - so what’s next?'. Together they form a unique fingerprint.

Cite this