Country Report

Australia upstream summary

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08 February 2018

Australia upstream summary

Report summary

Australia is one of the largest LNG exporters in the world. Its legacy North West Shelf project (1989) has been complemented by Darwin in the Northern Territory, Pluto, Gorgon and Wheatstone in Western Australia, and Queensland Curtis LNG, Gladstone LNG, and Australia Pacific LNG in Queensland. Two further projects, Ichthys and Prelude FLNG remain under construction.The country has a reserves to production ratio (R/P) of over 26 years, which compares favourably with its international ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
  • Key companies
    • Introduction
    • Carnarvon Basin
    • Gippsland Basin
    • Licensing
    • Drilling
      • Drilling activity
      • Drilling successes
      • Success rates
    • Oil/Condensate
    • Gas
    • Oil/Condensate
    • Gas
    • Introduction
    • Oil infrastructure
    • Gas infrastructure
      • Queensland
      • New South Wales
      • South Australia
      • Tasmania
      • Victoria
    • Northern Territory
    • Western Australia
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
    • 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
    • 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

Tables and charts

This report includes 49 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2018
  • Liquids and Gas Production 2018
  • Geology: Image 1
  • Remaining Commercial Liquids and Gas Reserves at 01/01/2018 (P+P)
  • Gas Reserves by Basin
  • Reserves and resources: Table 1
  • Production: Table 1
  • Production: Table 2
  • Liquids Production
  • Production: Table 3
  • Production: Table 4
  • Gas Production
  • Australian Gas Pipelines
  • Mid & Eastern Australia Oil Infrastructure
  • Eastern Australia Gas Pipelines
  • Infrastructure: Table 1
  • 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
  • Drilling Activity by Well Type
  • Exploration Drilling by Region
  • Drilling Activity and Commercial Success Rates
  • Western and Northern Australia Gas Pipelines
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Costs: Table 4
  • Policy and regulation: Table 1
  • 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
  • GEM models

What's included

This report contains:

  • Document

    Country Overview

    PDF 14.28 MB

  • Document

    Country Overview

    XLS 1.41 MB

  • Document

    Country Overview

    ZIP 15.48 MB

  • Document

    Executive summary

    PDF 70.79 KB

  • Document

    Key facts

    PDF 66.77 KB

  • Document

    Location maps

    PDF 3.71 MB

  • Document

    Key companies

    PDF 103.21 KB

  • Document

    Geology

    PDF 3.76 MB

  • Document

    Exploration

    PDF 128.45 KB

  • Document

    Reserves and resources

    PDF 141.46 KB

  • Document

    Production

    PDF 145.19 KB

  • Document

    Infrastructure

    PDF 6.88 MB

  • Document

    Costs

    PDF 112.04 KB

  • Document

    Policy and regulation

    PDF 102.91 KB

  • Document

    Fiscal terms

    PDF 211.60 KB

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