Fast Five on Browse – energy security, more jobs and tax revenue

Browse is major opportunity for the nation at a time when energy security matters more than ever” said Woodside CEO Liz Westcott.

Independent economics modelling, conducted by Deloitte and commissioned by Woodside on behalf of the Browse Joint Venture, indicates¹:

• Browse can increase energy security … A growing state needs reliable energy resources to power more businesses, new industries and more homes in Western Australia. Browse could help meet this demand, as Australia’s biggest undeveloped offshore gas resource. 

• … and the energy transition. Browse could deliver long-term domestic gas supply to support energy security through Western Australia’s energy transition toward the goal of net zero by 2050. “Browse gas provides WA with a reliable source of energy as renewables are deployed at record pace,” the report states.

• More jobs created … During its planning and construction, Browse would be expected to create a peak uplift in employment of about 2,167 full-time equivalent (FTE) jobs in WA. The report details that employment across Australia is also expected to receive a boost, with peak employment of 4,760 FTE jobs created across the national economy.

• … and more tax paid. The modelling estimates over its life, Browse could generate approximately A$56.2 billion in taxes, royalties and excise, including around A$19.8 billion in petroleum resource rent tax. “The estimated tax and royalty revenue from the Project would be sufficient to fund the construction of approximately one new hospital annually for 31 years,” the report suggests.²

• It’s not just our sector that benefits … 80% of the economic impacts generated fall outside the oil and gas sector, benefiting broader industries.

You can read the full report here.

_{1. Woodside on behalf of the Browse Joint Venture commissioned Deloitte Access Economics to undertake an independent, third-party economic impact assessment. The report models outcomes under a net-zero-by-2050 pathway in all scenarios. Figures are expressed 2025 real undiscounted terms unless otherwise stated.}

_{2. Women and Babies Hospitals - WA Government (2025) Budget Paper No. 2 Volume 1}