Country report
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10 Pages

Australia oil supply summary

Australia oil supply summary

Report summary

Liquids output averaged 460,000 b/d in 2014. A maturing field base, technical outages and weather related disruption has seen output decline in recent years, but this is expected to be reversed from 2017 due to growth of condensate and LPG associated with a number of high profile LNG projects that are forecast to start-up in the near term. Total liquids supply is forecast to increase to 560,000 b/d in 2020 and 590,000 b/d in 2025.

What's included?

This report includes 1 file(s)

  • Australia oil supply summary PDF - 1.10 MB 10 Pages, 3 Tables, 6 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream supply issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream supply report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Supply
    • Risks and uncertainties
    • Commercial developments
    • Key developments include:
      • Key commercial fields (onstream and under development)
      • Main oil infrastructure
    • Reserves growth
    • Other discoveries
      • Tight oil
    • Yet-to-find
  • Quality
    • Marketed blends
    • Crude quality outlook

In this report there are 9 tables or charts, including:

  • Executive summary
    • Oil/NGL production outlook and world ranking
  • Supply
    • Risks to supply
    • Overall Oil/NGL production outlook to 2035
    • Supply: Table 1
    • Supply: Image 3
    • Key other discoveries
  • Quality
    • Key crude streams and characteristics in 2015
    • Main crude streams
    • Crude quality distribution
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