Country Report

Australia upstream summary

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03 September 2019

Australia upstream summary

Report summary

Australia is forecast to become the world's largest LNG exporter by 2020 - when it is expected to ship ca. 84 million tonnes of gas. Built on the legacy production from North West Shelf (1989), Darwin (2005) and Pluto (2011), the period between 2015 and 2019 saw over 60 mmtpa of LNG capacity brought onstream. In Western Australia, Gorgon (2016), Wheatstone (2018) and Prelude FLNG (2019) almost doubled the state's export capacity. Ichthys (2018) added two extra trains in the Northern ...

Table of contents

  • Executive summary
  • Key facts
  • Location maps
    • Majors
    • IOCs
    • Introduction
    • Carnarvon Basin
    • Gippsland Basin
    • Licensing
    • Drilling
      • Drilling activity
      • Onshore drilling
      • Offshore drilling
      • Drilling successes
      • Offshore
      • Onshore
      • 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
    • Current fiscal terms
    • Basis
    • Government equity participation
    • Royalty
      • Ring fencing
      • Base
      • Rate
      • Payment schedule
    • Excise duty
      • Base
      • Rate
      • Payment schedule
    • Petroleum resource rent tax
      • Ring fencing
      • Base
      • Rate
      • Payment schedule
    • Federal income tax
      • Ring fencing
      • Base
      • Rate
      • Payment schedule
    • Fiscal treatment of decommissioning costs
    • Product Pricing
      • Liquids pricing
      • Natural gas pricing
    • Sample cash flow
    • Active legacy terms
      • Resource Rent Royalty (RRR)
    • Historical background
      • Pre-1980
      • 1980s
      • 1990s
      • 2000s
      • 2010s

Tables and charts

This report includes 42 images and tables including:

  • Key facts: Table 1
  • Country Map
  • Remaining Commercial and Technical Reserves at 01/01/2019
  • Liquids and Gas Production 2019
  • Geology: Image 1
  • Remaining Commercial Liquids and Gas Reserves at 01/01/2019 (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
  • Fiscal terms: Table 2
  • Fiscal terms: Table 8
  • Fiscal terms: Table 9
  • 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 3
  • Fiscal terms: Table 4
  • Fiscal terms: Table 5
  • Fiscal terms: Table 6
  • Summary of modelled terms
  • Fiscal terms: Table 10
  • Fiscal terms: Table 11
  • Fiscal terms: Table 12
  • Fiscal terms: Table 13
  • Fiscal terms: Table 14
  • Fiscal terms: Table 15

What's included

This report contains:

  • Document

    Country Overview

    PDF 19.21 MB

  • Document

    Country Overview

    XLS 706.00 KB

  • Document

    Country Overview

    ZIP 19.14 MB

  • Document

    Executive summary

    PDF 697.49 KB

  • Document

    Key facts

    PDF 684.25 KB

  • Document

    Location maps

    PDF 4.30 MB

  • Document

    Key companies

    PDF 711.32 KB

  • Document

    Geology

    PDF 4.36 MB

  • Document

    Exploration

    PDF 741.29 KB

  • Document

    Reserves and resources

    PDF 749.90 KB

  • Document

    Production

    PDF 753.86 KB

  • Document

    Infrastructure

    PDF 11.91 MB

  • Document

    Costs

    PDF 720.55 KB

  • Document

    Policy and regulation

    PDF 710.18 KB

  • Document

    Fiscal terms

    PDF 782.68 KB

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