Project Details
Description
This project is to create a significantly better technology for exploration of oil and gas reserves under the ocean. Based on lasers and fibre optics, it leverages Australia's prodigious photonics expertise and couples it with Australia's established and well regarded resource industry. Successful completion will enable better utilization of this country's natural resources, in particular oil and gas reserves, whilst also creating a high technology export, given the size of the world marine survey market (US$4 billion). Better energy exploration technologies are vital to Australia and, indeed the world, as energy supply dwindles and the increased energy costs begin to impact negatively on economic growth.
Status | Finished |
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Effective start/end date | 1/09/06 → 30/08/10 |
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