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2012 Australasian upstream exploration and licensing review

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19 February 2013

2012 Australasian upstream exploration and licensing review

Report summary

Australasian exploration in 2012 fell to its second-lowest level in the last ten years, although the success rate of 42% was the highest since 2009. There were 108 conventional exploration and appraisal (E&A) wells drilled, down 17% from 2011. Just over half a billion barrels of oil equivalent was discovered, an 80% fall from the peak volume discovered in 2009. There was a 40% reduction in offshore drilling.

Table of contents

  • Executive Summary
    • Country and basin trends
      • Australia - Offshore
      • Australia - Onshore
      • New Zealand
      • Papua New Guinea
    • Corporate trends
      • Offshore
      • Onshore
      • Unconventional exploration and appraisal drilling
        • Coalseam gas
        • Tight gas and shale
      • Licensing

Tables and charts

This report includes 15 images and tables including:

  • Conventional E&A wells by type
  • Conventional E&A wells by shore status
  • Conventional E&A wells by operator
  • 2013 wells to watch
  • Exploration licences awarded by country
  • Exploration licences awarded by basin
  • 2012 Australasian upstream exploration and licensing review: Image 9
  • 2012 exploration licence awards - Australia
  • 2012 Australasian upstream exploration and licensing review: Table 2
  • 2012 Australasian upstream exploration and licensing review: Table 3
  • 2012 Australasian upstream exploration and licensing review: Table 4
  • 2012 Australasian upstream exploration and licensing review: Table 5
  • 2012 Australasian upstream exploration and licensing review: Table 6
  • CSG E&A wells by year
  • Tight reservoir E&A wells by year

What's included

This report contains:

  • Document

    2012 Australasian upstream exploration and licensing review

    PDF 851.74 KB

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