Norway set to gain more from drilling in Great Australian Bight than Australia

Australians to shoulder the risk of oil and gas exploration while Norway enjoys the financial gain, Australia Institute warns

The Norwegian government stands to gain $400m more from drilling in the Great Australian Bight than the South Australian and federal governments combined, according to a new study.

A report by the Australia Institute, to be released on Monday, finds that through its two-thirds ownership of Equinor the Norwegian government stands to make $8.1bn from oil and gas exploration in the Bight.