Management of offshore oil and mineral resources in Australia
Australia is rich in natural resources,adjacent to the Asia-Pacific market with strong demand,coupled with social stability and strong economic strength,and is an important destination for China's overseas mining investment.Australia attaches great importance to the exploration and development of offshore mineral resources.With a boundary of 3 nautical miles from the baseline of its territorial waters,the federal government and the state or territory governments exercise different powers of resources ownership and management.Offshore mineral resources are managed by appointed agencies and joint agencies.The exploration and development of offshore oil and gas resources are managed on a daily basis by the National Administration of Offshore Oil and Gas Property on behalf of a joint organization,and environmental and safety supervision is carried out by the National Offshore Oil and Gas Safety and Environment Administration.Australian federal law on offshore oil and mineral resources management is sound,and the process and supervision of offshore resource development and utilization are clearly stipulated.The joint management agency provides an important mechanism guarantee for offshore resource development,and strict environmental management requirements are the key to the harmonious coexistence of resource development and environmental protection.
resource ownershipoffshore mineral resourceenvironmental managementAustralia
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