Country report
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57 Pages

Australia upstream summary


Australia upstream summary

Report summary

Australia has emerged as a major international gas player. Already an LNG exporter through its North West Shelf, Darwin, Pluto and the recently onstream QCLNG projects, its global market share is set to soar as six greenfield LNG projects come onstream over the coming few years. The country has a reserves to production ratio (R/P) of over 55 years, which compares favourably with its international competitors.Australia's gas export business is uniquely diversified. It consists of both ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.74 MB 57 Pages, 34 Tables, 15 Figures
  • Country Overview XLS - 1.41 MB

Description

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 issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary 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
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Carnarvon basin
    • Gippsland Basin
  • Exploration
    • Licensing
    • Drilling
      • Drilling activity
      • Drilling successes
      • Success rates
  • Reserves and resources
    • Oil/Condensate
    • Gas
  • Production
    • Oil/Condensate
    • Gas
  • Infrastructure
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
      • Queensland
      • New South Wales
      • South Australia
      • Tasmania
      • Victoria
    • Northern Territory
    • Western Australia
  • Costs
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • State oil company
    • Licensing
    • Offshore (Federal) Licensing
      • Offshore Exploration Licences
      • Retention Lease
      • Production Licence
      • Pipeline Licence
      • Processing Licence
    • Onshore (State) Licensing
      • Exploration Licence
  • Fiscal terms
    • Overview
    • Upstream
      • Petroleum Resource Rent Tax/Resource Rent Royalty
      • Onshore/Nearshore - Royalty
      • MID/DOWNSTREAM
    • Current fiscal terms
    • Concessions (Royalty/Tax)
      • State Equity Participation
      • Bonuses, rentals and fees
      • Indirect Taxes
      • Royalty and other Production Taxes
      • Federal Royalty
      • State Royalty
      • Excise Duty
      • Oil
      • Condensate
      • LPG
      • Gas
      • Domestic Market Obligation (DMO)
      • Product Pricing
      • Condensate
      • LPG
      • Natural Gas
      • Corporate (or Petroleum) Income Tax
    • Additional Profits Taxes
      • Petroleum Resource Rent Tax (PRRT)
      • Order of Deductibility
      • Resource Rent Royalty (RRR)
      • Fiscal/Contractual Ring-Fences
    • Sample Cash Flows
    • Marginal Government Take
    • Historical background
      • Pre-1980
      • Old Oil Excise
      • 1980s
      • 1990s
      • 2000s

In this report there are 49 tables or charts, including:

  • Executive summary
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2015
  • Geology
    • Geology: Image 1
  • Exploration
    • Drilling Activity by Well Type
    • Exploration Drilling by Region
    • Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Remaining Commercial Liquids and Gas Reserves at 01/01/2015 (P+P)
    • Gas Reserves by Basin
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Australian Gas Pipelines
    • Mid & Eastern Australia Oil Infrastructure
    • Eastern Australia Gas Pipelines
    • Western and Northern Australia Gas Pipelines
    • Infrastructure: Table 1
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
    • Policy and regulation: Table 1
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
    • Fiscal terms: Table 20
    • Fiscal terms: Table 21
    • GEM models
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