Marktanalyse - Australia Oil Markets, 2012

Australia Oil 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 crude oil assets (oil fields, refineries, pipelines and storage terminals) 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 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 2000-2020.
- Historical and forecast data and information for all the major oil fields, refineries, pipelines and storage terminals in Australia for the period 2005-2016.
- 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.
- 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 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.

1 Table Of Contents

1 Table Of Contents 2

1.1 List of Tables 8

1.2 List of Figures 10

2 Australia Energy Sector 11

2.1 Australia Energy Sector, Market Overview 11

2.2 Australia Energy Sector, Oil 11

2.2.1 Australia Oil, Overview 11

2.2.2 Australia Oil, Supply and Demand Balance 12

2.2.3 Australia Crude Oil, Regulatory Structure 17

2.2.4 Australia Crude Oil, Infrastructure 18

3 Australia Oil Upstream Investment Environment Benchmarking 19

3.1 Introduction 19

3.2 The Overall Ranking 19

3.3 Upstream Fiscal Attractiveness 19

3.3.1 Maximum Government Take Index 21

3.3.2 Fiscal Flexibility 21

3.3.3 Maximum State Participation 21

3.4 Oil Sector Performance 21

3.4.1 Exploration Activity 23

3.4.2 Oil Production 24

3.4.3 Oil Reserves 24

3.4.4 Oil Consumption 25

3.4.5 Refining Industry 25

3.5 Economic Performance 25

3.5.1 GDP Growth Index 27

3.5.2 FDI Confidence Index 27

3.5.3 Balance of Trade Index 28

3.6 Socio-Political Performance 28

3.6.1 Democracy Index 30

3.6.2 Governance Index 30

4 Australia Exploration and Production Sector 31

4.1 Australia Exploration and Production Sector, Country Snapshot 31

4.1.1 Australia Exploration and Production Sector, Key Data 31

4.1.2 Australia Exploration and Production Sector, Crude Oil Assets Map 31

4.2 Australia Exploration and Production Sector, Gross Crude Oil Production 32

4.2.1 Australia Exploration and Production Sector, Total Gross Crude Oil-Historical Production 32

4.2.2 Australia Exploration and Production Sector, Gross Crude Oil Production by Type 33

4.2.3 Australia Exploration and Production Sector, Gross Crude Oil Production by Major Assets 34

4.2.4 Australia Exploration and Production Sector, Gross Equity Weighted Crude Oil Production by Company 36

4.2.5 Australia Exploration and Production Sector, Market Share based on Gross Equity Weighted Crude Oil Production 37

4.3 Australia Exploration and Production Sector, Production Forecast 39

4.3.1 Australia Exploration and Production Sector, Gross Crude Oil Production Forecast 39

4.4 Australia Exploration and Production Sector, Crude Oil Asset Details 43

4.4.1 Australia Exploration and Production Sector, Active Crude Oil Asset Details 43

4.4.2 Australia Exploration and Production Sector, Planned Crude Oil Asset Details 56

4.5 Australia Exploration and Production Sector, Major Oil Discoveries 58

4.5.1 Australia Exploration and Production Sector, Number of Oil Discoveries 58

4.5.2 Australia Exploration and Production Sector, Oil Discovery Details 59

4.6 Australia Exploration and Production Sector, Recent Discoveries 61

4.6.1 Jul 23, 2012: Drillsearch Energy Announces New Birkhead Oil Discovery At Bauer-5 Appraisal/Development Well In PEL 91, Australia 61

4.6.2 Jul 23, 2012: Chevron Discovers Gas At Pontus-1 Exploration Well In Greater Gorgon Area Offshore Western Australia 62

4.6.3 Jul 17, 2012: Senex Energy Discovers Oil Field At Mustang-1 Well In Cooper Basin, Australia 63

4.6.4 Jul 02, 2012: Ambassador Oil and Gas Encounters Oil At Shocking 1 Exploration Well In Cooper Basin, South Australia 63

4.7 Australia Exploration and Production Sector, Drilling and Production Updates 64

4.7.1 Jul 30, 2012: Comet Ridge Provides Drilling Update On Mahalo Pilot Project In ATP 337P, Queensland 64

4.7.2 Jul 30, 2012: WestSide Launches New Production Drilling Program At Meridian SeamGas 64

4.7.3 Jul 30, 2012: Exoma Energy Spuds Katherine West-1 Conventional Oil Exploration Well In ATP 999P, Australia 65

4.7.4 Jul 30, 2012: Ambassador Oil and Gas Provides Update On Kruger 1 Oil Exploration Well In Cooper Basin, Australia 66

4.7.5 Jul 30, 2012: Armour Energy Provides Update On Glyde #1 Well In EP 171, Australia 66

5 Australia FPSO Industry 68

5.1 Australia FPSO Industry, FPSO Capacity Details by Vessel 68

5.2 Australia FPSO Industry, FPSO Vessel Specifications 69

6 Australia FSO Industry 70

6.1 Australia FSO Industry, FSO Capacity Details by Vessel 70

6.2 Australia FSO Industry, FSO Vessel Specifications 70

7 Australia Pipeline Sector 71

7.1 Australia Pipeline Sector, Key Data 71

7.2 Australia Pipeline Sector, An Overview 71

7.3 Australia Pipeline Sector, Comparison of Key Crude Oil Pipeline Companies 71

7.4 Australia Pipeline Sector, Comparison of Key Petroleum Products Pipeline Companies 72

7.5 Australia Pipeline Sector, Crude Oil Pipelines 73

7.6 Australia Pipeline Sector, Petroleum Product Pipelines 74

8 Australia Refining Sector 75

8.1 Australia Refining Sector, Key Data 75

8.2 Australia Refining Sector, An Overview 75

8.2.1 Australia Refining Sector, Total Refining Capacity 75

8.3 Australia Refining Sector, Capacity Market Share by Company 76

8.4 Australia Refining Sector, Crude Distillation Unit Capacity 77

8.5 Australia Refining Sector, Fluid Catalytic Cracking Capacity 78

8.6 Australia Refining Sector, Hydrocracking Capacity 78

9 Australia Oil and Chemicals Storage Sector 79

9.1 Australia Oil and Chemicals Storage Sector, Key Data 79

9.2 Australia Oil and Chemicals Storage Sector, An Overview 79

9.2.1 Australia Oil and Chemicals Storage Sector, Total Storage Capacity 79

9.2.2 Australia Oil and Chemicals Storage Sector, Storage Capacity by Area 80

9.3 Australia Oil and Chemicals Storage Sector, Capacity Market Share by Company 81

9.4 Australia Oil and Chemicals Storage Sector, Storage Capacity 82

10 Profile of Santos Ltd 85

10.1 Santos Ltd., Key Information 85

10.2 Santos Ltd., Company Overview 85

10.3 Santos Ltd., Business Description 85

10.3.1 Business Overview 85

10.3.2 Asia Pacific 86

10.3.3 Eastern Australia 87

10.3.4 Gladstone LNG 88

10.3.5 Western Australia and Northern Territory 88

10.4 Santos Ltd., SWOT Analysis 89

10.4.1 Overview 89

10.4.2 Santos Ltd. Strengths 89

10.4.3 Santos Ltd. Weaknesses 91

10.4.4 Santos Ltd. Opportunities 91

10.4.5 Santos Ltd. Threats 93

11 Profile of BHP Billiton 94

11.1 BHP Billiton, Key Information 94

11.2 BHP Billiton, Company Overview 94

11.3 BHP Billiton, Business Description 94

11.3.1 Business Overview 94

11.3.2 Aluminium 95

11.3.3 Base Metals 96

11.3.4 Diamonds and Specialty Products 97

11.3.5 Energy Coal 98

11.3.6 Iron Ore 99

11.3.7 Manganese 100

11.3.8 Metallurgical Coal 101

11.3.9 Petroleum 101

11.3.10 Stainless Steel Materials 102

11.4 BHP Billiton, SWOT Analysis 103

11.4.1 Overview 103

11.4.2 BHP Billiton Strengths 104

11.4.3 BHP Billiton Limited Weaknesses 105

11.4.4 BHP Billiton Limited Opportunities 105

11.4.5 BHP Billiton Limited Threats 106

12 Profile of Royal Dutch Shell plc 108

12.1 Royal Dutch Shell plc, Key Information 108

12.2 Royal Dutch Shell plc, Company Overview 108

12.3 Royal Dutch Shell plc, Business Description 108

12.3.1 Business Overview 108

12.3.2 Corporate 110

12.3.3 Downstream 111

12.3.4 Upstream 112

12.4 Royal Dutch Shell plc, SWOT Analysis 113

12.4.1 Overview 113

12.4.2 Royal Dutch Shell plc Strengths 114

12.4.3 Royal Dutch Shell plc Weaknesses 115

12.4.4 Royal Dutch Shell plc Opportunities 116

12.4.5 Royal Dutch Shell plc Threats 118

13 Financial Deals Landscape 120

13.1 Detailed Deal Summary 120

13.1.1 Acquisition 120

13.1.2 Equity Offerings 124

13.1.3 Debt Offerings 130

13.1.4 Partnerships 134

13.1.5 Asset Transactions 136

14 Recent Developments 140

14.1 License Awards 140

14.1.1 Jul 27, 2012: Bass Strait Oil Announces Renewal Of PEP 167 Exploration Permit For Five Years 140

14.2 Strategy and Business Expansion 141

14.2.1 Jul 19, 2012: Santos GLNG Opens Brisbane Operations Center 141

14.3 Other Significant Developments 141

14.3.1 Jul 31, 2012: Norwest Energy Provides Update On Arrowsmith-2 Project In Australia 141

14.3.2 Jul 30, 2012: Norwest Energy Completes Hydraulic Fracture Stimulation Program On Arrowsmith-2 Well In Australia 142

14.3.3 Jul 30, 2012: Antares Energy Provides Operations Update 142

14.3.4 Jul 27, 2012: Searcher Seismic Completes Acquisition Of Duvalia 2D Seismic Survey, Carnarvon Basin, Australia 143

14.3.5 Jul 25, 2012: Samson Oil & Gas Provides Operations Update 144

14.3.6 Jul 25, 2012: Linc Energy CFO Anton Rohner Resigns 144

14.3.7 Jul 24, 2012: Norwest Energy Continues Mobilizing Halliburton Hydraulic Fracture Stimulation To Arrowsmith-2 Project In Australia 145

14.3.8 Jul 24, 2012: Cougar Energy Appoints Rob Neill As CEO 145

14.4 New Contracts Announcements 146

14.4.1 Jul 17, 2012: Terra Nova Signs Agreement With Geokinetics To Conduct 3D Seismic Survey On PEL 112 146

15 Appendix 148

15.1 Abbreviations 148

15.2 Methodology 148

15.2.1 Coverage 148

15.2.2 Secondary Research 149

15.2.3 Primary Research 149

15.3 Contact Us 149

15.4 Disclaimer 150





1.1 List of Tables

Table 1: Australia, Historic and Forecast Production and Consumption of Oil, Thousand Barrels Per Day, 2000-2020 12

Table 2: Australia, Historic and Forecast Export and Import of Oil, Thousand Barrels Per Day, 2000-2020 14

Table 3: Australia, Historic Reserves of Crude Oil, Million Barrels, 2000-2011 16

Table 4: Asia Pacific, Investment Benchmarking, Overall Country Rankings, Jul 2012 19

Table 5: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, Jul 2012 20

Table 6: Asia Pacific, Investment Benchmarking, Oil Sector Performance, Jul 2012 21

Table 7: Asia Pacific, Investment Benchmarking, Economic Performance, Jul 2012 26

Table 8: Asia Pacific, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 26

Table 9: Asia Pacific, Investment Benchmarking, Socio-Political Performance, Jul 2012 28

Table 10: Asia Pacific, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 29

Table 11: Australia, Crude Oil Key Statistics, 2011 31

Table 12: Australia, Total Gross Crude Oil Production (MMBBLs), 2003- 2011 32

Table 13: Australia, Total Gross Crude Oil Production (MMBBLs) by Type, 2003- 2011 33

Table 14: Australia, Gross Crude Oil Production (MMBBLs), by Major Assets, 2003-2011 34

Table 15: Australia, Gross Equity Weighted Crude Oil Production by Company (MMBBLs), 2003-2011 36

Table 16: Australia, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2003-2011 37

Table 17: Australia, Gross Crude Oil Production (MMBBLs), Forecast by Assets, 2012- 2016 39

Table 18: Australia, Active Oil Field Assets Details 43

Table 19: Australia, Planned Oil Field Assets Details 56

Table 20: Australia, Number of Oil Discoveries, 2006- 2011 58

Table 21: Australia, Oil Discovery Details, 2006-2011 59

Table 22: Australia, Oil Discovery Details, 2006-2011 (Contd.1) 60

Table 23: Australia, Oil Discovery Details, 2006-2011 (Contd.2) 61

Table 24: Australia FPSO Industry, FPSO Oil Production Capacities, Jul 2012 68

Table 25: Australia FPSO Industry, FPSO Vessel Specifications, Jul 2012 69

Table 26: Australia FSO Industry, FSO Oil Production Capacities, Jul 2012 70

Table 27: Australia FSO Industry, FSO Vessel Specifications, Jul 2012 70

Table 28: Australia, Pipeline Key Statistics, Jul 2012 71

Table 29: Australia, Crude Oil Pipeline Length by Company (Km), Jul 2012 71

Table 30: Australia, Petroleum Products Pipeline Length by Company (Km), Jul 2012 72

Table 31: Australia, Crude Oil Pipelines, Jul 2012 73

Table 32: Australia, Petroleum Product Pipelines, Jul 2012 74

Table 33: Australia, Refinery Key Statistics, Jul 2012 75

Table 34: Australia, Total Refining Capacity (MMTPA), 2005- 2016 75

Table 35: Australia, Refining Capacity by Company (MMTPA), 2005-2016 76

Table 36: Australia, Crude Distillation Unit Capacity (MMTPA), 2005-2016 77

Table 37: Australia, Fluid Catalytic Cracking Unit Capacity (MMTPA), 2005-2016 78

Table 38: Australia, Hydrocracking Unit Capacity (MMTPA), 2005-2016 78

Table 39: Australia, Oil and Chemicals Storage Key Statistics, Jul 2012 79

Table 40: Australia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 79

Table 41: Australia, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 81

Table 42: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 82

Table 43: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.1) 83

Table 44: Australia, Oil and Chemicals Storage Capacity (Thousand M3), 2005-2016 (Contd.2) 84

Table 45: Santos Ltd., Key Facts 85

Table 46: Santos Ltd., SWOT Analysis 89

Table 47: BHP Billiton, Key Facts 94

Table 48: BHP Billiton, SWOT Analysis 104

Table 49: Royal Dutch Shell plc, Key Facts 108

Table 50: Royal Dutch Shell plc, SWOT Analysis 114

Table 51: Mattvale Plans To Acquire Remaining 64.45% Stake In Bridgeport Energy For $46.2 Million 120

Table 52: ConocoPhillips And Origin Energy To Sell 7.5% Stake Each In Australia Pacific LNG For Up To $3. 08 Billion 121

Table 53: Ormil Energy To Acquire Energy Botswana 122

Table 54: Frontier Oil To Acquire Additional 50% Stake In Frontier Gasfields From BioProspect For $10 Million 123

Table 55: Frontier Oil To Acquire Additional 25% Stake In Frontier Gasfields 124

Table 56: Drillsearch Energy Completes Private Placement Of Shares For $51.3 Million 124

Table 57: African Petroleum Announces Private Placement Of Shares For $88.2 Million 126

Table 58: Maverick Drilling & Exploration Completes Private Placement Of Shares For $51.6 Million 127

Table 59: Buccaneer Energy Announces Private Placement Of Shares For $12.3 Million 128

Table 60: Envestra Completes Private Placement Of Bonds For $202 Million 130

Table 61: APA Group Completes Public Offering Of 4.245% Medium Term Notes Due 2019 For $294 Million 131

Table 62: Golden Gate Petroleum Completes Public Offering Of Convertible Notes For $0.22 Million 132

Table 63: Solimar Energy Completes Private Placement Of Subscription Receipts For $3.9 Million 133

Table 64: Government of Queensland To Award Four Exploration Blocks In Central Queensland To Exoma Energy 134

Table 65: Empire Oil Awarded EP 479 In Australia 135

Table 66: Empire Oil And ERM Gas Awarded EP 480 In Australia 135

Table 67: Bass Strait Oil To Acquire 15% Stake In PEP 150 In Australia From Somerton Energy 136

Table 68: Comet Ridge To Acquire Up To 75% Interest In Lake Galilee Area In Queensland From Queensland Energy Resources 137

Table 69: ERM Gas To Acquire Interest In PEL457, PEL478 And PEL479 In Australia From Red Sky Energy And Clarence Moreton Resources 138

Table 70: ONGC Plans To Acquire Overseas Oil And Gas Assets For $8.8 Billion 139





1.2 List of Figures

Figure 1: Australia, Primary Energy Consumption Split By Fuel Type (%), 2011 11

Figure 2: Australia, Oil Production And Consumption, Thousand Barrels Per Day, 2000-2020 13

Figure 3: Australia, Oil Exports And Imports, Thousand Barrels Per Day, 2000-2020 15

Figure 4: Australia, Crude Oil Reserves, Million Barrels, 2000-2011 17

Figure 5: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, Jul 2012 20

Figure 6: Asia Pacific, Country Standings, Oil Sector Performance, by Reserves-Exploration & Production, Jul 2012 22

Figure 7: Asia Pacific, Country Standings, Oil Sector Performance, by Production-Consumption & Refining, Jul 2012 23

Figure 8: Asia Pacific, Country Standings, Number of Exploration Blocks Awarded, Jul 2012 24

Figure 9: Asia Pacific, Country Standings, Economic Performance, by FDI Confidence- GDP Growth & Production, Jul 2012 27

Figure 10: Asia Pacific, Country Standings, Socio-Political Performance, by Exploration Growth- FDI Confidence and Governance Indices, Jul 2012 29

Figure 11: Australia, Crude Oil Assets Map, Jul 2012 31

Figure 12: Australia, Total Gross Crude Oil Production (MMBBLs), 2003-2011 32

Figure 13: Australia, Total Gross Crude Oil Production (MMBBLs) by Type, 2003-2011 33

Figure 14: Australia, Gross Equity Weighted Crude Oil Production by Key Companies (MMBBLs), 2003-2011 37

Figure 15: Australia, Market Share (%) of Key Companies based on Gross Equity Weighted Crude Oil Production, 2011 38

Figure 16: Australia, Number of Oil Discoveries, 2006- 2011 58

Figure 17: Australia, Crude Oil Pipeline Length by Company (Km), Jul 2012 72

Figure 18: Australia, Petroleum Products Pipeline Length by Company (Km), Jul 2012 73

Figure 19: Australia, Total Refining Capacity (MMTPA), 2005- 2016 76

Figure 20: Australia, Refining Capacity by Company (MMTPA), 2011 77

Figure 21: Australia, Total Oil and Chemicals Storage Capacity (Thousand M3), 2005- 2016 80

Figure 22: Australia, Oil and Chemicals Storage Capacity by Area (%), 2011 80

Figure 23: Australia, Oil and Chemicals Storage Capacity by Company (Thousand M3), 2005-2016 81

• Global Oil and Gas Pipelines Industry Outlook, 2013 - Details of All Active and Planned Crude Oil, Petroleum Products and Natural Gas Pipelines
• Global Planned Oil and Gas Pipelines Industry Outlook, 2013 – Details of All Planned Crude Oil, Petroleum Products and Natural Gas Pipelines
• Oil & Gas Exploration and Production in the Caspian Region, 2013 - Market Analysis, Competitive Landscape and Forecasts to 2020
• Oil & Gas Monthly Deals Analysis – April 2013: M&A and Investment Trends
• Oil and Gas Exploration and Production (E&P) in the Barents Sea - Market Analysis, Competitive Landscape and Production Forecasts to 2020
• Oil and Gas Exploration and Production Outlook in Angola 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 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