Country Report
Australia upstream summary
Report summary
Australia among the world leaders in LNG production capacity. Its current position is 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 Territory, while in Queensland, three export ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- Majors
- IOCs
-
Geology
- Introduction
- Carnarvon Basin
- Gippsland Basin
-
Exploration
- Licensing
-
Drilling
- Drilling activity
- Onshore drilling
- Offshore drilling
- Drilling successes
- Offshore
- Onshore
- 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
-
Capital costs
-
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
- 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 40 images and tables including:
- Key facts: Table 1
- Country Map
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2023
- Geology: Image 1
- Liquids and Gas Reserves
- 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
- Mid & Eastern Australia Oil Infrastructure
- Australian Gas Pipelines
- 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
- 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:
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