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Western Australia - Oil and Gas Outlook APPEX 2008, London

Western Australia - Oil and Gas Outlook APPEX 2008, London. Stuart Russell Government of Western Australia – European Office. Western Australia’s endowment. 2.5 Million Square Kilometers. 2 Million Population. 1 million Workforce. Diverse Resource-based Economy. Western Australia Resources.

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Western Australia - Oil and Gas Outlook APPEX 2008, London

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  1. Western Australia - Oil and Gas OutlookAPPEX 2008, London Stuart Russell Government of Western Australia – European Office

  2. Western Australia’s endowment 2.5 Million Square Kilometers 2 Million Population 1 million Workforce Diverse Resource-based Economy

  3. Western Australia Resources “Everyday WA ships out resources worth about US$90 million to Japan, China, South Korea, India and others” - Those who rule in powerful Perth, 19 August 2006, Australian Financial Review.

  4. 2007 Export Value

  5. Western Australia –Gas Production Forecast

  6. Bonaparte Basin Frontier Canning Basin Lennard Shelf oil Canning Basin Frontiers Carnarvon Basin gas Officer and Amadeus Basin Frontiers Perth Basin oil and gas

  7. WA Upstream Petroleum Industry 2007 • Exploration drilling (New Field Wildcats) Offshore OnshoreBonaparte 1 0 Browse 11 0 Canning 0 3 Carnarvon 25 1 Perth 3 2 Total40 6 • Trend to deeper water drilling in Browse and outer Carnarvon • Strong response to gazettals: Offshore Onshore 2007 EP’s granted 18 7

  8. Petroleum Exploration Expenditure Western Australia (2006 dollars) WA expenditure ($ million) WA% of Australian Total

  9. New Field Wildcats & Significant Discoveries WA 1993 - 2007 New Field Wildcats & Significant Discoveries WA 1993 - 2006 Total Number Wells Significant Discoveries % Year Year

  10. Total Australian Exploration Commitments Cumulative six year forward exploration commitments as at the beginning of each year

  11. Development • Huge amount of upstream development planned and under construction - $10 billion • Six oil developments • Eleven gas developments • Including downstream LNG, pipeline and GTL projects, total development value increases to over $55 billion.

  12. Western Australia State Bid Round Petroleum • To be released: • 8 April 2008 • Bids close: • 2 October 2008 • Basins • Canning • Northern Carnarvon • Perth

  13. Further Information Visit • International Pavilion, Booth 37 • APPEX, 7 March, Session 111 - Prospect Forum Western Australia – ‘Onshore & State Waters Acreage Release’ presentation, Mark Stevens Western Australia Website www.doir.wa.gov.au then minerals and petroleum > petroleum exploration > acreage releases The 8 April 2008 acreage release to be on website by mid – April 2008

  14. www.doir.wa.gov.au

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