Marktanalyse - Australia Gas Markets, 2012

Australia Gas Markets, 2012


Summary


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 natural gas assets (gas fields, pipelines, LNG terminals and underground gas storage facilities) in Australia. The report compares the investment environment in Australia with other countries in the region. The profiles of the major companies operating in the natural gas 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 2000-2020.
- Historical and forecast data and information for all the major gas fields, (Liquified Natural Gas) LNG Terminals, pipelines and underground gas storage facilities in Australia for the period 2005-2016.
- Operator and equity details for major natural gas assets in Australia.
- Key information relating to market regulations, key energy assets and the key companies operating in the Australia’s energy industry.
- 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.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas 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.

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 7

1.2 List of Figures 9

2 Australia Energy Sector 10

2.1 Australia Energy Sector, Market Overview 10

2.2 Australia Energy Sector, Natural Gas 10

2.2.1 Australia Natural Gas, Overview 10

2.2.2 Australia Natural Gas, Supply and Demand Balance 11

2.2.3 Australia Natural Gas, Regulatory Structure 16

2.2.4 Australia Natural Gas, Infrastructure 16

3 Australia Gas Upstream Investment Environment Benchmarking 17

3.1 Introduction 17

3.2 The Overall Ranking 17

3.3 Upstream Fiscal Attractiveness 18

3.3.1 Maximum Government Take Index 19

3.3.2 Fiscal Flexibility 19

3.3.3 Maximum State Participation 19

3.4 Gas Sector Performance 20

3.4.1 Exploration Activity 22

3.4.2 Gas Production 23

3.4.3 Gas Reserves 23

3.4.4 Gas Consumption 24

3.5 Economic Performance 24

3.5.1 GDP Growth Index 25

3.5.2 FDI Confidence Index 25

3.5.3 Balance of Trade Index 26

3.6 Socio-Political Performance 26

3.6.1 Democracy Index 28

3.6.2 Governance Index 28

4 Australia Exploration and Production Sector 29

4.1 Australia Exploration and Production Sector, Country Snapshot 29

4.1.1 Australia Exploration and Production Sector, Key Data 29

4.1.2 Australia Exploration and Production Sector, Natural Gas Assets Map 29

4.2 Australia Exploration and Production Sector, Marketed Natural Gas Production 30

4.2.1 Australia Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 30

4.2.2 Australia Exploration and Production Sector, Marketed Natural Gas-Historical Production by Type 31

4.2.3 Australia Exploration and Production Sector, Marketed Natural Gas Production by Major Assets 32

4.2.4 Australia Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 34

4.2.5 Australia Exploration and Production Sector, Market Share based on Marketed Natural Gas Production 35

4.3 Australia Exploration and Production Sector, Production Forecast 36

4.3.1 Australia Exploration and Production Sector, Marketed Natural Gas Production Forecast 36

4.4 Australia Exploration and Production Sector, Natural Gas Asset Details 39

4.4.1 Australia Exploration and Production Sector, Active Natural Gas Asset Details 39

4.4.2 Australia Exploration and Production Sector, Planned Natural Gas Asset Details 51

4.5 Australia Exploration and Production Sector, Major Gas Discoveries 53

4.5.1 Australia Exploration and Production Sector, Number of Gas Discoveries 53

4.5.2 Australia Exploration and Production Sector, Gas Discovery Details 54

4.6 Australia Exploration and Production Sector, Recent Discoveries 57

4.6.1 Jul 23, 2012: Drillsearch Energy Announces New Birkhead Oil Discovery At Bauer-5 Appraisal/Development Well In PEL 91, Australia 57

4.6.2 Jul 23, 2012: Chevron Discovers Gas At Pontus-1 Exploration Well In Greater Gorgon Area Offshore Western Australia 58

4.6.3 Jul 17, 2012: Senex Energy Discovers Oil Field At Mustang-1 Well In Cooper Basin, Australia 58

4.6.4 Jul 02, 2012: Ambassador Oil and Gas Encounters Oil At Shocking 1 Exploration Well In Cooper Basin, South Australia 59

4.7 Australia Exploration and Production Sector, Drilling and Production Updates 59

4.7.1 Jul 30, 2012: Comet Ridge Provides Drilling Update On Mahalo Pilot Project In ATP 337P, Queensland 59

4.7.2 Jul 30, 2012: WestSide Launches New Production Drilling Program At Meridian SeamGas 60

4.7.3 Jul 30, 2012: Exoma Energy Spuds Katherine West-1 Conventional Oil Exploration Well In ATP 999P, Australia 60

4.7.4 Jul 30, 2012: Ambassador Oil and Gas Provides Update On Kruger 1 Oil Exploration Well In Cooper Basin, Australia 61

4.7.5 Jul 30, 2012: Armour Energy Provides Update On Glyde #1 Well In EP 171, Australia 62

5 Australia FPSO Industry 63

5.1 Australia FPSO Industry, FPSO Capacity Details by Vessel 63

5.2 Australia FPSO Industry, FPSO Vessel Specifications 63

6 Australia Pipeline Sector 64

6.1 Australia Pipeline Sector, Key Data 64

6.2 Australia Pipeline Sector, An Overview 64

6.3 Australia Pipeline Sector, Comparison of Key Natural Gas Pipeline Companies 64

6.4 Australia Pipeline Sector, Natural Gas Pipelines 66

7 Australia LNG Sector 71

7.1 Australia LNG Sector, Key Data 71

7.2 LNG Sector, Liquefaction 71

7.2.1 Australia LNG Sector, Liquefaction, Total Liquefaction Capacity 71

7.2.2 Australia LNG Sector, Liquefaction Capacity Market Share by Company 72

7.2.3 Australia LNG Sector, Liquefaction, Asset Wise Liquefaction Capacity 74

8 Australia Underground Gas Storage Sector 75

8.1 Australia Underground Gas Storage Sector, Key Data 75

8.2 Australia Underground Gas Storage Sector, An Overview 75

8.3 Australia Underground Gas Storage Sector, Capacity Market Share by Company 75

8.4 Australia Underground Gas Storage Industry 77

8.4.1 Underground Gas Storage Industry in Australia, Storage Capacity by Area 77

8.5 Australia Underground Gas Storage Sector, Storage Capacity 78

8.5.1 Australia Underground Gas Storage Sector, Storage Capacity of Active Terminals 78

8.5.2 Australia, Underground Gas Storage Sector, Storage Capacity of Planned Terminals 78

9 Profile of Santos Ltd 79

9.1 Santos Ltd., Key Information 79

9.2 Santos Ltd., Company Overview 79

9.3 Santos Ltd., Business Description 79

9.3.1 Business Overview 79

9.3.2 Asia Pacific 80

9.3.3 Eastern Australia 81

9.3.4 Gladstone LNG 82

9.3.5 Western Australia and Northern Territory 82

9.4 Santos Ltd., SWOT Analysis 83

9.4.1 Overview 83

9.4.2 Santos Ltd. Strengths 83

9.4.3 Santos Ltd. Weaknesses 85

9.4.4 Santos Ltd. Opportunities 85

9.4.5 Launch of Production 86

9.4.6 Santos Ltd. Threats 87

10 Profile of BHP Billiton 88

10.1 BHP Billiton, Key Information 88

10.2 BHP Billiton, Company Overview 88

10.3 BHP Billiton, Business Description 88

10.3.1 Business Overview 88

10.3.2 Aluminium 89

10.3.3 Base Metals 90

10.3.4 Diamonds and Specialty Products 91

10.3.5 Energy Coal 92

10.3.6 Iron Ore 93

10.3.7 Manganese 94

10.3.8 Metallurgical Coal 95

10.3.9 Petroleum 95

10.3.10 Stainless Steel Materials 96

10.4 BHP Billiton, SWOT Analysis 97

10.4.1 Overview 97

10.4.2 BHP Billiton Strengths 98

10.4.3 BHP Billiton Limited Weaknesses 99

10.4.4 BHP Billiton Limited Opportunities 99

10.4.5 BHP Billiton Limited Threats 101

11 Profile of Royal Dutch Shell plc 102

11.1 Royal Dutch Shell plc, Key Information 102

11.2 Royal Dutch Shell plc,Company Overview 102

11.3 Royal Dutch Shell plc, Business Description 102

11.3.1 Business Overview 102

11.3.2 Corporate 104

11.3.3 Downstream 105

11.3.4 Upstream 106

11.4 Royal Dutch Shell plc, SWOT Analysis 107

11.4.1 Overview 107

11.4.2 Royal Dutch Shell plc Strengths 108

11.4.3 Royal Dutch Shell plc Weaknesses 109

11.4.4 Royal Dutch Shell plc Opportunities 110

11.4.5 Royal Dutch Shell plc Threats 112

12 Financial Deals Landscape 114

12.1 Detailed Deal Summary 114

12.1.1 Acquisition 114

12.1.2 Equity Offerings 118

12.1.3 Debt Offerings 123

12.1.4 Partnerships 126

12.1.5 Asset Transactions 129

13 Recent Developments 133

13.1 License Awards 133

13.1.1 Jul 27, 2012: Bass Strait Oil Announces Renewal Of PEP 167 Exploration Permit For Five Years 133

13.2 Strategy and Business Expansion 134

13.2.1 Jul 19, 2012: Santos GLNG Opens Brisbane Operations Center 134

13.3 Other Significant Developments 134

13.3.1 Jul 30, 2012: Norwest Energy Completes Hydraulic Fracture Stimulation Program On Arrowsmith-2 Well In Australia 134

13.3.2 Jul 30, 2012: Antares Energy Provides Operations Update 135

13.3.3 Jul 27, 2012: Searcher Seismic Completes Acquisition Of Duvalia 2D Seismic Survey, Carnarvon Basin, Australia 136

13.3.4 Jul 25, 2012: Samson Oil & Gas Provides Operations Update 136

13.3.5 Jul 25, 2012: Linc Energy CFO Anton Rohner Resigns 137

13.3.6 Jul 24, 2012: Norwest Energy Continues Mobilizing Halliburton Hydraulic Fracture Stimulation To Arrowsmith-2 Project In Australia 137

13.3.7 Jul 24, 2012: Cougar Energy Appoints Rob Neill As CEO 138

13.3.8 Jul 24, 2012: Oilex Appoints Michael Maloney As COO 139

13.4 New Contracts Announcements 139

13.4.1 Jul 17, 2012: Terra Nova Signs Agreement With Geokinetics To Conduct 3D Seismic Survey On PEL 112 139

14 Appendix 141

14.1 Abbreviations 141

14.2 Methodology 141

14.2.1 Coverage 141

14.2.2 Secondary Research 142

14.2.3 Primary Research 142

14.3 Contact Us 142

14.4 Disclaimer 143





1.1 List of Tables

Table 1: Australia, Historic and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020 11

Table 2: Australia, Historic and Forecast Exports and Imports of Natural Gas, Billion Cubic Feet, 2000-2020 13

Table 3: Australia, Historic Reserves of Natural Gas, 2000-2010 15

Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, Jul 2012 17

Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, Jul 2012 18

Table 6: Asia Pacific, Investment Benchmarking, Gas Sector Performance, Jul 2012 20

Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, Jul 2012 24

Table 8: Asia Pacific, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 24

Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, Jul 2012 26

Table 10: Asia Pacific, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 27

Table 11: Australia, Natural Gas Key Statistics, 2011 29

Table 12: Australia, Total Marketed Natural Gas Production (MMcf), 2003-2011 30

Table 13: Australia, Marketed Natural Gas Production by Type (MMcf), 2003-2011 31

Table 14: Australia, Marketed Natural Gas Production (MMcf), by Major Assets, 2003-2011 32

Table 15: Australia, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2003-2011 34

Table 16: Australia, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2003-2011 35

Table 17: Australia, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2012- 2016 36

Table 18: Australia, Active Gas Field Assets Details 39

Table 19: Australia, Planned Gas Field Assets Details 51

Table 20: Australia, Number of Gas Discoveries, 2006-2011 53

Table 21: Australia, Natural Gas Discovery Details, 2006-2011 54

Table 22: Australia, Natural Gas Discovery Details, 2006-2011 (Contd.1) 55

Table 23: Australia, Natural Gas Discovery Details, 2006-2011 (Contd.2) 56

Table 24: Australia FPSO Industry, FPSO Gas Production Capacities, Jul 2012 63

Table 25: Australia FPSO Industry, FPSO Vessel Specifications, Jul 2012 63

Table 26: Australia, Pipeline Key Statistics, Jul 2012 64

Table 27: Australia, Natural Gas Pipeline Length by Company (Km), Jul 2012 64

Table 28: Australia, Natural Gas Pipelines, 2012 66

Table 29: Australia, Natural Gas Pipelines, 2012 (Contd.1) 67

Table 30: Australia, Natural Gas Pipelines, 2012 (Contd.2) 68

Table 31: Australia, Natural Gas Pipelines, 2012 (Contd.3) 69

Table 32: Australia, Natural Gas Pipelines, 2012 (Contd.4) 70

Table 33: Australia LNG Key Statistics, Jul 2012 71

Table 34: Australia, Total Liquefaction Capacity (MMTPA), 2005-2016 71

Table 35: Australia, Liquefaction Capacity by Company 2005-2016 72

Table 36: Australia, Liquefaction Capacity (Million Tonnes), 2005-2016 74

Table 37: Australia, Underground Gas Storage Key Statistics, Jul 2012 75

Table 38: Australia, Underground Gas Storage Capacity by Company (MMcf), Jul 2012 75

Table 39: Australia, Underground Working Gas Capacity (MMcf) by Area, Jul 2012 77

Table 40: Australia, Active Underground Gas Storage Capacity (MMcf), Jul 2012 78

Table 41: Australia, Planned Underground Gas Storage Capacity (MMcf), Jul 2012 78

Table 42: Santos Ltd., Key Facts 79

Table 43: Santos Ltd., SWOT Analysis 83

Table 44: BHP Billiton, Key Facts 88

Table 45: BHP Billiton, SWOT Analysis 98

Table 46: Royal Dutch Shell plc, Key Facts 102

Table 47: Royal Dutch Shell plc, SWOT Analysis 108

Table 48: Mattvale Plans To Acquire Remaining 64.45% Stake In Bridgeport Energy For $46.2 Million 114

Table 49: ConocoPhillips And Origin Energy To Sell 7.5% Stake Each In Australia Pacific LNG For Up To $3. 08 Billion 115

Table 50: Ormil Energy To Acquire Energy Botswana 116

Table 51: Frontier Oil To Acquire Additional 50% Stake In Frontier Gasfields From BioProspect For $10 Million 116

Table 52: Frontier Oil To Acquire Additional 25% Stake In Frontier Gasfields 117

Table 53: Drillsearch Energy Completes Private Placement Of Shares For $51.3 Million 118

Table 54: Buccaneer Energy Raises $1.5 Million Through Issue Of Shares 119

Table 55: Maverick Drilling & Exploration Completes Private Placement Of Shares For $51.6 Million 121

Table 56: Buccaneer Energy Announces Private Placement Of Shares For $12.3 Million 122

Table 57: Envestra Completes Private Placement Of Bonds For $202 Million 123

Table 58: APA Group Completes Public Offering Of 4.245% Medium Term Notes Due 2019 For $294 Million 124

Table 59: Golden Gate Petroleum Completes Public Offering Of Convertible Notes For $0.22 Million 125

Table 60: Solimar Energy Completes Private Placement Of Subscription Receipts For $3.9 Million 125

Table 61: Government of Queensland To Award Four Exploration Blocks In Central Queensland To Exoma Energy 126

Table 62: Empire Oil Awarded EP 479 In Australia 127

Table 63: Empire Oil And ERM Gas Awarded EP 480 In Australia 128

Table 64: Bass Strait Oil To Acquire 15% Stake In PEP 150 In Australia From Somerton Energy 129

Table 65: Comet Ridge To Acquire Up To 75% Interest In Lake Galilee Area In Queensland From Queensland Energy Resources 130

Table 66: ERM Gas To Acquire Interest In PEL457, PEL478 And PEL479 In Australia From Red Sky Energy And Clarence Moreton Resources 131

Table 67: ONGC Plans To Acquire Overseas Oil And Gas Assets For $8.8 Billion 132





1.2 List of Figures

Figure 1: Australia, Primary Energy Consumption Split By Fuel Type (%), 2011 10

Figure 2: Australia, Natural Gas Production And Consumption, Billion Cubic Feet, 2000-2020 12

Figure 3: Australia, Natural Gas Exports and Imports, Billion Cubic Feet, 2000-2020 14

Figure 4: Australia, Natural Gas Reserves, Trillion Cubic Feet, 2000-2011 15

Figure 5: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, Jul 2012 19

Figure 6: Asia Pacific, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, Jul 2012 21

Figure 7: Asia Pacific, Country Standings, Gas Sector Performance, by Production & Consumption, Jul 2012 22

Figure 8: Asia Pacific, Country Standings, Number of Exploration Blocks Awarded, Jul 2012 23

Figure 9: Asia Pacific, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 25

Figure 10: Asia Pacific, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 27

Figure 11: Australia, Natural Gas Assets Map, Jul 2012 29

Figure 12: Australia, Total Marketed Natural Gas Production (MMcf), 2003-2011 30

Figure 13: Australia, Marketed Natural Gas Production by Type (MMcf), 2003-2011 31

Figure 14: Australia, Marketed Equity Weighted Natural Gas Production by Key Companies (MMcf), 2003-2011 35

Figure 15: Australia, Market Share (%) of Key Companies based on Marketed Natural Gas Production, 2011 36

Figure 16: Australia, Number of Gas Discoveries, 2006-2011 53

Figure 17: Australia, Natural Gas Pipeline Length by Company (Km), Jul 2012 65

Figure 18: Australia, Total Liquefaction Capacity (MMTPA), 2005-2016 72

Figure 19: Australia, Liquefaction Capacity by Company (Million Tonnes), 2005-2016 73

Figure 20: Australia, Underground Gas Storage Capacity by Company (%), Jul 2012 76

Figure 21: Australia, Underground Working Gas Capacity (MMcf) by Area (%), Jul 2012 77

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• Oil and Gas Exploration and Production Outlook in Argentina to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Australia to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Azerbaijan to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Bangladesh to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Brazil to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Brunei to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Canada British Columbia to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Canada Saskatchewan to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in China to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Colombia to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Cote D'Ivoire to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Denmark to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Ecuador to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields
• Oil and Gas Exploration and Production Outlook in Egypt to 2016 - Production Analysis, Forecasts and Details of Major Crude Oil and Natural Gas Blocks and Fields