Great Australian Bight: Equinor abandons plans to drill for oil
Norwegian oil giant Equinor has abandoned plans to drill for oil in the Great Australian Bight, declaring the controversial project did not make commercial sense.
The company said on Tuesday it had told federal, South Australian and local authorities it had decided to scrap the $200m project to deepwater drill in the Great Australian Bight Marine Park.
It is the third major oil company to abandon plans to drill in the bight, following BP and Chevron.
Read more: https://www.theguardian.com/environment/2020/feb/25/great-australian-bight-equinor-abandons-plans-to-drill-for-oil
The company said on Tuesday it had told federal, South Australian and local authorities it had decided to scrap the $200m project to deepwater drill in the Great Australian Bight Marine Park.
It is the third major oil company to abandon plans to drill in the bight, following BP and Chevron.
Read more: https://www.theguardian.com/environment/2020/feb/25/great-australian-bight-equinor-abandons-plans-to-drill-for-oil
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