Canning Basin shale gas unconventional play Report

Asset Report 23 December 2021

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Report summary

The Canning Basin covers about 450,000 square kilometres onshore in the Kimberley region of northwest Australia. Marine, organic-rich shales from the Goldwyer and Laurel Formation are estimated to hold about 490 tcf and 271 tcf of gas-in-place respectively. The Canning Basin’s isolation is a major obstacle to developing its shale gas resources, entailing high costs and long lead times. The WA fracturing moratorium was partially lifted in September 2019. The largest Canning Basin operator, Buru Energy, is currently looking to focus on the unconventional plays in the basin, as the WA Government lifted the ban over its exploration permits.