Insight
Capital constraints and project deferrals on Australia's east coast
This report is currently unavailable
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Two of eastern Australia's biggest upstream players, Santos and Origin Energy, have struggled to balance the financial stretch of developing CSG-LNG projects, service significant debts and maintain credit ratings while oil prices are low and volatile. This has not only forced these companies to change strategy and consider selling upstream assets, but will also delay investment in key Australian east coast domestic gas developments. We have reduced our forecast of production from assets owned by Santos and Origin Energy by over 200 mmcfd by 2020. This raises questions about which sources of gas will be developed to meet forecast demand. It also represents an opportunity for competing and aspiring producers to fill the gap.
Table of contents
- Executive Summary
-
Desperate times call for desperate measures
- Current vs previous production forecast
- Impacts
Tables and charts
This report includes the following images and tables:
-
East coast market balanceCapital constraints and project deferrals on Australia's east coast: Image 1Current vs previous capex forecast
What's included
This report contains:
Other reports you may be interested in
Asset Report
Mereenie
Mereenie is an onshore oil and gas field located in the remote Amadeus Basin in the Northern Territory.
$3,720
Asset Report
Sole
The Sole gas field is located 45 kilometres from the Victorian coast. The field was discovered by Shell in 1973 and came onstream in 2020.
$3,720
Asset Report
North Field Alpha
North Field Alpha (NFA) is the first development on Qatar's North Field. The project was sanctioned in 1987 and took four years to ...
$3,720
