Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Australia. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the crude oil assets (oil fields, refineries, pipelines and storage terminals) in Australia. The report also analyses the fiscal regime relevant to the crude oil assets in Australia and compares the investment environment in Australia with other countries in the region. The profiles of the major companies operating in the crude oil sector in Australia together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Australia for the period 2000-2013.
- Operator and equity details for major crude oil assets in Australia.
- Key information relating to market regulations, key energy assets and the key companies operating in the Australia’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery, profit oil, petroleum and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Australia including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for oil investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream oil assets.
- Assess your competitor’s major crude oil assets and their performance.
- Analyze the latest news and financial deals in the oil sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned
 

Woodside Petroleum Limited
BHP Billiton
Santos Ltd.

1 Table of Contents 2
1.1 List of Tables 7
1.2 List of Figures 10
2 Australia Energy Sector 11
2.1 Australia Energy Sector, Market Overview 11
2.2 Australia Energy Sector, Crude Oil 12
3 Australia, Fiscal Regime 20
3.1 Australia Petroleum Fiscal Environment - South Australia 20
3.2 License Terms - South Australia 20
3.3 Key Fiscal Terms - South Australia 21
3.4 Australia Petroleum Fiscal Environment - Western Australia 24
3.5 License Terms - Western Australia 24
3.6 Key Fiscal Terms - Western Australia 25
3.7 Australia Petroleum Fiscal Environment - New South Wales 28
3.8 License Terms - New South Wales 28
3.9 Key Fiscal Terms - New South Wales 30
3.10 Australia Petroleum Fiscal Environment - Queensland 32
3.11 License Terms - Queensland 32
3.12 Key Fiscal Terms - Queensland 33
3.13 Australia Petroleum Fiscal Environment - Victoria 36
3.14 License Terms - Victoria 36
3.15 Key Fiscal Terms - Victoria 38
3.16 Australia Petroleum Fiscal Environment - Tasmania 40
3.17 License Terms - Tasmania 40
3.18 Key Fiscal Terms - Tasmania 42
3.19 Australia Petroleum Fiscal Environment - Northern Territory 44
3.20 License Terms - Northern Territory 44
3.21 Key Fiscal Terms - Northern Territory 46
3.22 Australia-Timor Leste (JPDA) Petroleum Fiscal Environment -Timor Leste (JPDA) 48
3.23 License Terms -Timor Leste (JPDA) 48
3.24 Key Fiscal Terms -Timor Leste (JPDA) 49
3.25 Australia Petroleum Fiscal Environment - Offshore 50
3.26 License Terms - Offshore 50
3.27 Key Fiscal Terms - Offshore 51
4 Australia Oil Upstream Investment Environment Benchmarking 54
4.1 Introduction 54
4.2 The Overall Ranking 54
4.3 Upstream Fiscal Attractiveness 55
4.4 Oil Sector Performance 57
4.5 Economic Performance 61
4.6 Socio-Political Performance 64
5 Australia Exploration and Production Sector 67
5.1 Australia Exploration and Production Sector, Country Snapshot 67
5.2 Australia Exploration and Production Sector, Gross Crude Oil Production 68
5.3 Australia Exploration and Production Sector, Gross Crude Oil Forecasts 75
5.4 Australia Exploration And Production Sector, Crude Oil Asset Details 87
5.5 Australia Exploration And Production Sector, Major Oil Discoveries 92
5.6 Australia Exploration And Production Sector, Recent Discoveries 95
5.7 Australia Exploration And Production Sector, Drilling and Production Updates 98
6 Australia FPSO Industry 101
6.1 Australia FPSO Industry, FPSO Capacity Details by Vessel 101
6.2 Australia FPSO Industry, FPSO Vessel Specifications 102
7 Australia Pipeline Sector 103
7.1 Australia Pipeline Sector, Key Data 103
7.2 Australia Pipeline Sector, An Overview 103
7.3 Australia Pipeline Sector, Comparision of Key Crude Oil Pipeline Companies 103
7.4 Australia Pipeline Sector, Comparison of Key Petroleum Products Pipeline Companies 104
7.5 Australia Pipeline Sector, Crude Oil Pipelines 105
7.6 Australia pipeline Sector, Petroleum Product Pipelines 106
8 Australia Refining Sector 107
8.1 Australia Refining Sector, Key Data 107
8.2 Australia Refining Sector, An Overview 107
8.3 Australia Refining Sector, Capacity- Wise Market Share by Company 108
8.4 Australia Refining Sector, Crude Distillation Unit Capacity 109
8.5 Australia Refining Sector, Fluid Catalytic Cracking Capacity 110
8.6 Australia Refining Sector, Hydrocracking Capacity 110
9 Australia Oil and Chemicals Storage Sector 111
9.1 Australia Oil and Chemicals Storage Sector, Key Data 111
9.2 Australia Oil and Chemicals Storage Sector, An Overview 111
9.3 Australia Oil and Chemicals Storage Sector, Capacity-Wise Market Share By Company 113
9.4 Australia Oil and Chemicals Storage Sector, Storage Capacity 114
10 Profile of Woodside Petroleum Limited 117
10.1 Woodside Petroleum Limited, Key Information 117
10.2 Woodside Petroleum Limited, Company Overview 117
10.3 Woodside Petroleum Limited, Business Description 117
10.4 Woodside Petroleum Limited, SWOT Analysis 122
11 Profile of BHP Billiton 127
11.1 BHP Billiton, Key Information 127
11.2 BHP Billiton, Company Overview 127
11.3 BHP Billiton, Business Description 127
11.4 BHP Billiton, SWOT Analysis 138
12 Profile of Santos Ltd. 143
12.1 Santos Ltd., Key Information 143
12.2 Santos Ltd., Company Overview 143
12.3 Santos Ltd., Business Description 143
12.4 Santos Ltd., SWOT Analysis 145
13 Financial Deals Landscape 151
13.1 Detailed Deal Summary 151
14 Recent Developments 173
14.1 License Rounds 173
14.2 License Awards 173
14.3 Strategy and Business Expansion 176
14.4 Other Significant Developments 178
14.5 New Contracts Announcements 179
15 Appendix 182
15.1 Methodology 182
15.2 Contact Us 186
15.3 About GlobalData 187
15.4 Disclaimer 187

1.1 List of Tables
Table 1: Australia, Historic and Forecast Production and Consumption of Crude Oil, 1996-2020 18
Table 2: Australia, Historic and Forecast Import and Export of Crude Oil, 1996-2020 20
Table 3: Australia, Historic Reserves of Crude Oil, 1996-2009 22
Table 4: Australia – South Australia, Area Offered For Onshore Projects, 2009 26
Table 5: Australia – South Australia, Onshore Applicable Fees, 2009 27
Table 6: Australia – South Australia, Crude Oil Excise Rates 28
Table 7: Australia – Western Australia, Area Offered For Onshore Projects, 2009 30
Table 8: Australia – Western Australia, Onshore Applicable Fees, 2009 31
Table 9: Australia – Western Australia, Crude Oil Excise Rates 32
Table 10: Australia – New South Wales, Area Offered For Projects, 2009 34
Table 11: Australia – New South Wales, Applicable Fees, 2009 35
Table 12: Australia – New South Wales, Crude Oil Excise Rates 36
Table 13: Australia - Queensland, Area Offered For Projects, 2009 38
Table 14: Australia - Queensland, Onshore Applicable Fees, 2009 39
Table 15: Australia - Queensland, Crude Oil Excise Rates 40
Table 16: Australia - Victoria, Area Offered For Projects, 2009 42
Table 17: Australia - Victoria, Applicable Fees, 2009 43
Table 18: Australia - Victoria, Crude Oil Excise Rates 44
Table 19: Australia - Tasmania, Area Offered For Onshore Projects, 2009 46
Table 20: Australia - Tasmania, Onshore Applicable Fees, 2009 47
Table 21: Australia - Tasmania, Crude Oil Excise Rates 48
Table 22: Australia – Northern Territory, Area Offered For Projects, 2009 50
Table 23: Australia – Northern Territory, Applicable Fees, 2009 51
Table 24: Australia – Northern Territory, Crude Oil Excise Rates 52
Table 25: Australia – Offshore, Applicable Fees, 2009 57
Table 26: Asia Pacific, Investment Benchmarking, Overall Country Rankings, March 2010 59
Table 27: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, March 2010 60
Table 28: Asia Pacific, Investment Benchmarking, Oil Sector Performance, March 2010 62
Table 29: Asia Pacific, Investment Benchmarking, Economic Performance, March 2010 67
Table 30: Asia Pacific, Country Standings, Economic Performance, March 2010 67
Table 31: Asia Pacific, Investment Benchmarking, Socio-Political Performance, March 2010 69
Table 32: Asia Pacific, Country Standings, Socio-Political Performance, March 2010 70
Table 33: Australia, Crude Oil Key Statistics, 2009 72
Table 34: Australia, Total Gross Crude Oil Production (MMBBLs), 2002- 2009 73
Table 35: Australia, Total Gross Crude Oil Production (MMBBLs) by Type, 2002- 2009 74
Table 36: Australia, Gross Crude Oil Production (MMBBLs), by Assets, 2002-2009 75
Table 37: Australia, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 77
Table 38: Australia, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2002-2009 78
Table 39: Australia, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2010-2015 (Part-1) 80
Table 40: Australia, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2010-2015 (Part-2) 81
Table 41: Australia, Gross Crude Oil Production (Thousand Barrels), Forecast by Assets, 2010-2015 (Part-3) 82
Table 42: Australia, Forecasted Assets-wise Gross Crude Oil Revenue (000'$), 2010-2015 (Part-1) 83
Table 43: Australia, Forecasted Assets-wise Gross Crude Oil Revenue (000'$), 2010-2015 (Part-2) 84
Table 44: Australia, Forecasted Assets-wise Gross Crude Oil Revenue (000'$), 2010-2015 (Part-3) 85
Table 45: Australia, Projected Assets-wise Total Government Take (000'$), 2010-2015 (Part-1) 86
Table 46: Australia, Projected Assets-wise Total Government Take (000'$), 2010-2015 (Part-2) 87
Table 47: Australia, Projected Assets-wise Total Government Take (000'$), 2010-2015 (Part-3) 88
Table 48: Australia, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 (Part-1) 89
Table 49: Australia, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 (Part-2) 90
Table 50: Australia, Projected Assets-wise Total Contractor Take (000'$), 2010-2015 (Part-3) 91
Table 51: Australia, Active Oil Field Asset Details 92
Table 52: Australia, Planned Oil Field Asset Details 96
Table 53: Australia, Number of Oil Discoveries, 2004- 2009 97
Table 54: Australia, Oil Discovery Details, 2004-2009 (Part-1) 98
Table 55: Australia, Oil Discovery Details, 2004-2009 (Part-2) 99
Table 56: Australia, Oil Discovery Details, 2004-2009 (Part-3) 100
Table 57: Australia FPSO Industry, FPSO Oil Production Capacities, 2009 106
Table 58: Australia FPSO Industry, FPSO Vessel Specifications, 2009 107
Table 59: Australia, Pipeline Key Statistics, 2009 108
Table 60: Australia, Crude Oil Pipeline Length by Company (Km), 2009 108
Table 61: Australia, Petroleum Products Pipeline Length by Company (Km), 2009 109
Table 62: Australia , Crude Oil Pipelines, 2009 110
Table 63: Australia , Petroleum Products Pipelines, 2009 111
Table 64: Australia, Refinery Key Statistics, 2009 112
Table 65: Australia, Total Refining Capacity (MMTPA), 2000- 2013 112
Table 66: Australia, Refining Capacity by Company (MMTPA), 2000-2013 113
Table 67: Australia, Crude Distillation Unit Capacity (MMTPA), 2000-2013 114
Table 68: Australia, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2000-2013 115
Table 69: Australia, Hydrocracking Unit Capacity (MMTPA), 2000-2013 115
Table 70: Australia, Oil and Chemicals Storage Key Statistics, 2009 116
Table 71: Australia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 116
Table 72: Australia, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 118
Table 73: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Part-1) 119
Table 74: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Part-2) 120
Table 75: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2000-2013 (Part-3) 121
Table 76: Woodside Petroleum Limited, Key Facts 122
Table 77: Woodside Petroleum Limited, SWOT Analysis 127
Table 78: BHP Billiton, Key Facts 132
Table 79: BHP Billiton, SWOT Analysis 143
Table 80: Santos Ltd., Key Facts 148
Table 81: Santos Ltd., SWOT Analysis 151
Table 82: Royal Dutch Shell And Petrochina Company To Acquire Arrow Energy 156
Table 83: Eastern Corporation To Acquire Minority Interest In The Galilee Energy 158
Table 84: Niko Resources Acquires Voyager Energy 159
Table 85: Adelaide Energy Acquires Deka Resources And Well Traced 160
Table 86: Strike Energy To Acquire Blade Petroleum 161
Table 87: WHL Energy Completes Private Placement Of $0.9 Million 162
Table 88: Longreach Oil Completes Private Placement Of $0.27 Million 163
Table 89: Marion Energy Announces Private Placement of $2.4 Million 164
Table 90: Range Resources Completes Rights Offering Of $6.85 Million 165
Table 91: Antares Energy Completes Private Placement of $17.28 Million 166
Table 92: Sunset Energy Completes Private Placement Of $1.07 Million 167
Table 93: Sunset Energy Completes Private Placement Of $1.08 Million 168
Table 94: Grand Gulf Energy Announces Rights Offering Of $1.55 Million 169
Table 95: Strike Energy Terminates The Agreement With Blade Petroleum 170
Table 96: Rialto Energy Enters Into Farm-Out Agreement With Jacka Resources 171
Table 97: Empire Oil & Gas And The EP 439 Joint Venture Enters Into Farm-Out Agreement With Lion Petroleum 172
Table 98: Pancontinental Oil & Gas Acquires 13.462% Interest In Permits EP 424 And EP110 In Carnarvon Basin 173
Table 99: Australian Worldwide Exploration To Acquire 90% Stake In EP 455 174
Table 100: Norwest Energy To Acquire Interests In Northern Perth Basin Permit From Victoria Petroleum 175
Table 101: Bow Energy Sells Its Interest In ATP 574P In Surat Basin, Queensland 176
Table 102: Kyushu Electric Power Enters Into An Agreement With Chevron 177

1.2 List of Figures
Figure 1: Australia, Energy Sector Break-Up, 2009 17
Figure 2: Australia, Crude Oil Production And Consumption, Thousand Barrels Per Day, 1996-2020 19
Figure 3: Australia, Crude Oil Imports And Exports, Thousand Barrels Per Day, 1996-2020 21
Figure 4: Australia, Crude Oil Reserves, Million Barrels, 1996-2009 23
Figure 5: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, March 2010 61
Figure 6: Asia Pacific, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, March 2010 63
Figure 7: Asia Pacific, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, March 2010 64
Figure 8: Asia Pacific, Country Standings, Exploration Blocks Awarded, March 2010 65
Figure 9: Asia Pacific, Country Standings, Economic Performance, March 2010 68
Figure 10: Asia Pacific, Country Standings, Socio-Political Performance, March 2010 70
Figure 11: Australia, Crude Oil Assets Map, 2009 72
Figure 12: Australia, Total Gross Crude Oil Production (MMBBLs), 2002-2009 73
Figure 13: Australia, Total Gross Crude Oil Production (MMBBLs) by Type, 2002-2009 74
Figure 14: Australia, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2002-2009 78
Figure 15: Australia, Market Share (%) based on Gross Equity Weighted Crude Oil Production, 2009 79
Figure 16: Australia, Number of Oil Discoveries, 2004- 2009 97
Figure 17: Australia, Crude Oil Pipeline Length by Company (Km), 2009 109
Figure 18: Australia, Petroleum Products Pipeline Length by Company (Km), 2009 110
Figure 19: Australia, Total Refining Capacity (MMTPA), 2000- 2013 113
Figure 20: Australia, Refining Capacity by Company (MMTPA), 2009 114
Figure 21: Australia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2000- 2013 117
Figure 22: Australia, Oil and Chemicals Storage Capacity Share by Area (%), 2009 117
Figure 23: Australia, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2000-2013 118
Figure 24: GlobalData Methodology 188