Queensland Energy Resources
Type private
Industry energy
Founded 2003
Headquarters Brisbane, Australia
Key people Pearse Bowman (CEO)
Products shale oil
Website http://www.qer.com.au/

Queensland Energy Resources Limited (QERL) is an Australian oil shale mining and shale oil extraction company with the headquarter in Brisbane. It was a developer of the Stuart and McFarlane oil shale projects.

History

Queensland Energy Resources Limited was formed in 2003 to operate the Stuart Oil Shale Project. In February 2004, it purchased the assets of the Stuart Oil Shale Project from receivers of the project's former developer, Southern Pacific Petroleum N.L.[1][2] The plant was shut down on 21 July 2004 because of economic and environmental reasons.[2][3] On 14 August 2008, Queensland Energy Resources announced that it has shunned the Alberta Taciuk Processor (ATP) oil shale processing technology in favor of the Paraho II technology and that the ATP technology-based pilot plant is being dismantled, and obsolete components are being sold.[2]

Operations

Queensland Energy Resources holds mining tenement rights to several oil shale deposits in Queensland, Australia. Two major resources are Stuart, located near Gladstone, and McFarlane, located near Proserpine. It owns also pilot plant facility in Rifle, Colorado, used for testing oil shale from its deposits. On 10 May 2010, the company announced a plan for construction of a small-scale shale-oil demonstration plant at Yarwun.[4][5]

The McFarlane oil shale resource is one of Australia's largest. However, on 24 August 2008, the Queensland Government announced an oil-shale mining moratorium over the McFarlane deposit for 20 years.[6]

References

External links