The Australian Space Agency will work with the private sector to translate research in the space sector into commercial opportunities for industry.

The signing of the Statement of Strategic Intent and Cooperation with Woodside Energy is designed to highlight areas of potential research, development and commercial outcomes for our unique space industry.

Minister for Industry, Science and Technology Karen Andrews said the signing with one of Australia’s largest resources companies shows space can enhance the capability and competitiveness of many Australian industries.

“The Agency’s purpose is to transform and grow a globally respected Australian space industry that lifts the broader economy and inspires and improves the lives of all Australians,” Andrews said.

“The goal is to triple the size of the sector to $12 billion a year and create up to 20,000 new jobs by 2030.

“Woodside Energy is currently expanding capabilities in remote operations and technologies that will enable assets to be operated in remote and extreme environments.

“Once commercialised, these technologies will not only have the capability to be deployed across different industry sectors but utilised on earth and in space.”

Dr Megan Clark AC, Head of the Australian Space Agency, welcomed the latest signing.

“The Australian resources sector is leading the world in remote management and maintenance through robotics, automation and artificial intelligence. These technologies and applications are critical requirements in any future near space and other space exploration initiatives,” Dr Clark said

Woodside CEO Peter Coleman welcomed the signing and said collaborating with the space sector further demonstrated Woodside’s approach to innovation and technology.

“By looking outside our industry to the Australian Space Agency, we can accelerate the development of technologies that allow us to safely and efficiently manage assets in remote and harsh environments.”

The signing of the statement with Woodside adds to agreements already reached with Airbus, Nova Systems, Sitael, Goonhilly Earth Stations and Lockheed Martin.

The federal government established the Australian Space Agency in July 2018 and is investing $55 million in its development as part of our plan to grow this sector, and create an additional 1.25 million jobs across the economy in the next five years.